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Singapore: Attacks driving growth of cyber security, analysts say

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The Economic Development Board and the Infocomm Development Authority of Singapore have said that the country's favorable business market have attracted cyber security firms to set up shop in island nation, reports Channel NewsAsia.

Analysts have said that cyber attacks are one of the significant factors driving the growth of cyber security industry in Singapore. The cyber security industry in the Asia-Pacific region is expected to grow about 13.4% annually, touching $26 billion by 2017.

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