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In a move to regulate the cybersecurity industry in Singapore. The Singapore Cyber Security Agency (CSA) has taken the step of licencing cybersecurity service providers. To safeguard the interests of customers, help them identify credible providers and, with time, improve quality. It also covers resellers of licensable services.
Organisation that provide cybersecurity services will have to apply for a licence by October 11 2022. Companies that provide unlicensed services from October could be fined $50,000, jailed for up to 2 years or both.
Law firm Rajah & Tann Singapore said
The framework helps it to identify qualified and capable cyber-security vendors, which gives it peace of mind. The framework may also provide a clearer direction as to how complaints against unethical or incompetent service providers can be raised by end users like Rajah & Tann Singapore when egregious errors resulting in a compromise of the firm’s cyber security are made by a licensed provider,.
Ted Dziekanowski
#cybersecurity #cyberrisk #cyberregulation #singapore
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