Risks of cybersecurity breaches and data hacks won’t go away, Singapore says

Tourists gather at Merlion park to take pictures overlooking Marina bay in Singapore on August 11, 2016. Singapore on August 11 narrowed its economic growth forecast for this year, citing concerns over the weaker global outlook and the impact of Britain's vote to leave the EU. / AFP PHOTO / ROSLAN RAHMAN

Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won't go away, a senior government official said. 

Risks need to be managed but won't prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and information, said on Thursday at Bloomberg's “Sooner Than You Think” technology summit in Singapore.