Proposed law will require owners of critical services like water, banking to report more types of cybersecurity incidents

SINGAPORE: Homeowners of severe records infrastructure (CII), equivalent to these offering water, electricity and banking products and companies, shall be required to document more forms of cybersecurity incidents, along with these that occur in their provide chains, under a original proposed laws.

This fashion, the Cyber Safety Agency of Singapore (CSA) said it’ll also be more responsive to the cybersecurity threats that might well potentially intention off disruptions to Singapore’s obligatory products and companies and work with house owners more proactively to win them.

Tabled in parliament on Wednesday (Apr 3), the Cybersecurity (Modification) Invoice will update new provisions touching on to the cybersecurity of CII as successfully as elevate CSA’s oversight to duvet Systems of Rapid-time frame Cybersecurity Enlighten or STCCs.

This refers to pc systems which might be severe to Singapore and are at a excessive risk of cyberattacks as a result of sure events or instances.

The Invoice seeks to amend the Cybersecurity Act 2018, which establishes a appropriate framework for the oversight and maintenance of national cybersecurity in Singapore.

The just of the Invoice, which would amend the Act for the first time, is to guarantee that the laws keeps tempo with inclinations within the cyber threat landscape, as successfully as Singapore’s evolving technological operations, said CSA in a media delivery on Wednesday.

A key facet of the Invoice is furthermore to guarantee that CII house owners remain accountable for the cybersecurity and cyber resilience of the systems, while embracing original technological and industry fashions equivalent to cloud computing, said CSA.

The procedure to amend the laws used to be first laid out by Minister for Communications and Data Josephine Teo final month when she spoke in parliament about her ministry’s spending conception.

She said the laws desired to replace to mediate the increasing significance of ensuring the cybersecurity of the digital infrastructure and products and companies that energy Singapore’s digital financial system, as successfully as allow electorate to meet their day-to-day wants.