Singapore is set to enhance its cybersecurity framework for critical information infrastructure (CII), which includes vital services like water, electricity, and banking. A new proposed law will require CII owners to report a broader range of cybersecurity incidents, including those affecting their supply chains.
This enhanced reporting is crucial for identifying and addressing cybersecurity threats that could disrupt essential services. By having a more comprehensive understanding of potential threats, authorities aim to work more effectively with CII owners to strengthen their systems against cyberattacks.
The proposed Cybersecurity (Amendment) Bill, recently tabled in parliament, seeks to update existing cybersecurity provisions. This amendment will expand oversight to include Systems of Temporary Cybersecurity Concern (STCCs), which are computer systems critical to national security and particularly vulnerable to cyber threats due to specific events or situations.
This legislative update is the first amendment to the Cybersecurity Act since its enactment. The goal is to ensure that the law evolves alongside the changing cyber threat landscape and technological advancements. A key aspect of the Bill is to maintain the accountability of CII owners for the cybersecurity and resilience of their systems, even as they adopt new technological and business models, such as cloud computing.
The necessity for this amendment reflects the increasing importance of securing the digital infrastructure that underpins the economy and daily life. As the digital economy grows, safeguarding the cybersecurity of essential services becomes ever more critical for the well-being and security of the population.
In summary, the proposed amendments aim to enhance the protection of essential services by addressing emerging cyber threats and reinforcing the responsibility of CII owners to maintain robust cybersecurity measures.
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