Last Monday, a bill intended to reinforce the protection of computer systems that provide essential services against cyber-attacks was passed in the Singaporean Parliament.
The Cybersecurity Bill will require owners of such systems, called Critical Information Infrastructure (CII), to report cybersecurity breaches, among other statutory obligations.
CII owners who do not comply with codes of practice and standards of performance, conduct cybersecurity audits and risk assessments, and participate in cybersecurity exercises as dictated by the Bill may be penalized up to S$ 100,000, two years in prison, or both.
However, several MPs raised concerns that the authorities could possible intrude on personal privacy when conducting their investigations, while some questioned the compliance costs that companies may incur.
Source: Channel News Asia