11 November 2022, Singapore - Blackpanda is pleased to announce a joint partnership with MyRepublic, to launch IR-1, APAC's premier cyber incident response solution curated specially for small and medium businesses (SMBs). 

Described as the world’s most frightening cyber security threat, global cyber attacks increased by 168% between 2021-2022 and are estimated to cost the world USD 20 billion in 2022 alone. Recent data has shown that Singapore businesses are among the most frequently targeted worldwide by ransomware attacks. 

Running an SMB is a challenge in itself. These attacks can often have catastrophic impact on SMBs, with 60% of SMBs going out of business within six months after a cyber attack. Having an efficient incident response team that is familiar with the local landscape, can help organizations successfully manage the impact of a breach and reduce operational, financial, and reputational damage.

With the joint IR-1 partnership, Blackpanda and MyRepublic can assist organizations strategize a comprehensive cyber incident response solution to help organizations get back on their feet after a cyber attack.

The IR-1 is tailored specifically for SMBs in APAC. Businesses with an annual revenue of not more than USD 50 million are perfect candidates for the IR-1.

The IR-1 is an annual incident response retainer which offers SMBs a direct 24/7 incident support line to notify Blackpanda’s digital forensics and incident response specialists as soon as a cyber breach or incident occurs. SMBs also get access to the exclusive IR-1 cyber risk e-resources platform, which serves as a dedicated system to host all cyber security notifications and e-resources. In addition, SMBs will enjoy preferential rates for all additional cyber risk services offered by Blackpanda to enhance current cyber risk posture. 

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“We are thrilled to partner with MyRepublic for the inaugural launch of IR-1 to address the unmet market needs for incident response solutions for SMBs. With cyber threats on the rise, it is imperative that smaller businesses should invest more into activating professional incident responders in the event of a cyber breach. Through IR-1 and the partnership we have with MyRepublic, we believe in building a sustainable and resilient cyber environment for SMBs in Asia."

- Timothée Grange, Chief Revenue Officer, Blackpanda.

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“With the launch of Ignite, a suite of enterprise ICT solutions, we are happy to partner Blackpanda for the inaugural launch of IR-1 - the essential cyber incident response solution to further enhance the suite of solutions for the SMBs in Singapore. We aim to help SMBs propel their business forward in a safe environment and succeed in today’s digitalised world.”

- Jonathan Lee, Head of Enterprise and Sales, MyRepublic.

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About Blackpanda

Blackpanda is Asia’s premier cyber security firm hyper-focused on delivering world-class digital forensics and incident response services to the region. Headquartered in Singapore and with a presence across Southeast and East Asia, the company is the first of its kind in the region.

By developing and leveraging innovative cyber security services, incident response and forensics data, and loss adjusting capabilities for our insurtech platform, Blackpanda’s mission is to protect, defend, and insure; providing a holistic and practical cyber resiliency solution for our clients of any size. We believe every company should have access to cyber security services and risk transfer opportunities and we are committed to democratizing cyber security resiliency, making it accessible across Asia, from Fortune 500 companies to SMEs, and everyone in between.

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About MyRepublic

MyRepublic is one of the fastest-growing telecom operators in the Asia-Pacific, with operations across Singapore, New Zealand and Australia, and plans to expand further into the region.

MyRepublic’s values lie in the future of connectivity, the next opportunity to disrupt, and innovations that will make a real difference. The provider’s priority is to redefine broadband and mobile connectivity and empower customers to understand what a true modern connectivity experience can be.

MyRepublic has grown at a compound annual growth rate of 26% over the past four years, and currently has more than 270,000 subscribers across Singapore, Australia, and New Zealand.

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