Singapore’s Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) are seeking feedback on the proposed Cybersecurity Bill.
The public consultation exercise will run till August 3.
“Cyber-attacks are getting increasingly frequent, sophisticated and impactful. Globally, we have also seen a surge in the number of cybersecurity incidents, such as ransomware, cyber theft, banking fraud, cyber espionage and disruptions to Internet services. In Singapore, the recent Advanced Persistent Threat (APT) attacks targeting two of our universities, and the occurrence of the global WannaCry and Petya/Petna malware attacks which also reached our shores, serve as stark reminders of Singapore’s vulnerability to cyber threats,” noted the joint press release.
“Around the world, attacks on systems that run utility plants, transportation networks, hospitals and other essential services are growing. Successful attacks can and have resulted in significant financial losses and disruptions to daily lives. Hence, the protection of our Critical Information Infrastructure CIIs) which are necessary for the continuous delivery of Singapore’s essential services is a cornerstone of the proposed Bill.”
In April 2015, Singapore set up CSA as the central agency to oversee and coordinate all aspects of cybersecurity for the nation. In October 2016, Prime Minister Lee Hsien Loong launched Singapore’s Cybersecurity Strategy with the aim to create a resilient and trusted cyber environment for Singapore and our residents.
“Against the backdrop of proliferating cyber incidents globally and locally, it is imperative that we take a more pro-active and holistic approach to strengthen our resilience against cyber-attacks, especially for CIIs. New cybersecurity legislation is needed so that we can take pro-active measures to protect our CIIs, respond expediently to cyber threats and incidents and facilitate sharing of cybersecurity information across critical sectors,” according to the press release.