Simeon Tan on LinkedIn: As some of you may know, today marks my last day at DNV GL. I would like… (2024)

Grateful to have received our first patent at the IIPCC Singapore - International Intellectual Property Commercialisation Council Singapore IP Innovation Forum 2024, presented by Johnson K. and Esther Wee. This achievement is a significant milestone for Protos Labs, showcasing our team's dedication in developing our risk management and quantification technology over the past 2 years. Special thanks to KK Lim for his guidance through the 6-month process under the Intellectual Property Office of Singapore (IPOS) fast track program. I also want to acknowledge Christopher Lek and the Nanyang Technological University Singapore team for their continuous support since day one, as well as the Cyber Security Agency of Singapore (CSA). It was a pleasure meeting new and interesting friends at the event - Harry Edwards, Welby Altidor, Robin Yeo, Glenn Tan and more!#IIPCC #Singapore #Innovation #Patent #Technology #Milestone

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Last month, Protos Labs' Threat Research team conducted a study on recent data breaches in Singapore for a client. I reviewed some of the artefacts that the team gathered from the dark web, and was taken aback by how much sensitive information had been leaked by the threat actors. I wrote this post with Ken Yeo-Moriuchi to share some of our findings. Many businesses I meet in the course of my work think that they are too small to be a target or have nothing valuable for threat actors to steal. I hope this can help change their minds. #databreach #protoscover #protoslabs

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"Does cyber insurance cover outages like the Crowdstrike incident?" That was the question posed to me by one of our guests at a panel session during Protos Cover's launch event yesterday. I never imagined launching our insurance entity alongside such a major IT outage event."It depends..." was my answer in short and I suspect there will be alot of claims coming out from this over the next few weeks. Some policies exclude non-malicious events like this and there are other factors like waiting periods, sublimits and deductibles that have to be considered. Regardless, it underscores the importance of having some coverage to protect your balance sheet. I share my detailed thoughts here:https://lnkd.in/gr9DV3JKMy heart goes out to all impacted by the event, especially our clients/partners affected by this, both end-customers and responders alike 🙏🙏🙏.

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When I first started my journey at Protos Labs, I never imagined that it would lead me into the fascinating realm of cyber insurance. Today, I am thrilled to announce the official launch of Protos Cover, and I would love to invite my network in Singapore to join us for this milestone event.During my time at Lloyds' of London and in the US, I witnessed firsthand the importance of cyber insurance in safeguarding businesses against emerging digital threats. These experiences solidified my belief in the immense value that cyber insurance brings to enterprises, and inspired Joel L. and I to bring this back to Singapore.Protos Cover is not just a business venture; it is a mission to make a meaningful impact on the cybersecurity ecosystem in Singapore. Our goal is to provide robust, comprehensive cyber insurance solutions that empower businesses to navigate the complexities of the digital age with confidence.I am incredibly excited to lead this effort and to work alongside an amazing team dedicated to enhancing cyber resilience across various sectors. This launch marks the beginning of a new chapter for me, and I am eager to share our vision and innovative solutions with you.Come and join me as we celebrate this exciting launch and explore the future of cyber insurance together. 📅 Date: 19 July 2024🕒 Time: 3pm to 5pm 📍 Location: ACE Ideation Centre🔗 https://lnkd.in/gMD3Rh_f#CyberInsurance #ProtosCover #ProtosLabs

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Hello World Protos Cover! CNA got it right, cyber insurance premiums are indeed dropping, and this is the best time to get coverage. DM me if you are keen find out what I have seen with rates.

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One step closer to our vision. I am starting a new position as Director at Protos Cover! Onwards and upwards!#cyberinsurance

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One of the things I appreciate most in my role is being able to travel to new places and meet people from around the world. Last week, I was brought to the amazing city of Chicago with all it's Gothem-like charm and beauty. Building a startup is hard and sometimes it's easy to forget that the journey is as important as the destination. A good reminder as I look ahead to a week of activity in Singapore. First with a panel on cyber catastrophes with Gallagher Re and CyberCube, and then catching up with industry folks at InsureTech Connect #itcasia. Ping me if you happen to be around and we can catch up over coffee!

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I first visited Silicon Valley as a young EDB officer in 2016. Back then, we were looking at the innovation landscape in the robotics sector and visited multiple startups in the bay area. The experience captivated me and I told myself one day I would return representing my own startup. This week, I had the chance to share about the exciting work are doing in cyber insurance in Asia Pacific at the Plug and Play Tech Center Silicon Valley Summit. It has been nothing short of fantastic and has given me alot to think about as we shape the future of cyber insurance in the region, especially the impact that multimodal AI has on our business. I also made new and wonderful friends! A big shout out to the team at Enterprise Singapore and the Singapore contingent, and fellow Insuretech batch mates that went on stage. Looking ahead, we have big plans for Protos Labs in 2024 and I bring back much food for thought as we enter the new year!

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I'm not one to regularly post here, but today I would like to share some fantastic news. 🎉Joel L. and I embarked on our startup journey after a random chat at Ya Kun two years ago. Back then, COVID-19 was raging, we had both just started families, and faced many doubts and uncertainties. But we knew this was something we wanted to do. So together, we pushed through, and today, we've successfully closed our seed round. 🌱A massive thank you to the awesome team at Protos Labs, our clients, supporters, investors, and all the like-minded folks who've been part of this journey. It's been an incredible ride, and we can't wait to see what the future holds!

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