The Institute of Singapore Chartered Accountants (ISCA) would like to thank Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) for the opportunity to provide feedback on the proposed Cybersecurity Bill.
Now more than ever, companies need a strong cyber-risk management framework in place to deal with increasing cybersecurity threats.
Our key comments/recommendations are as follow:
Important role of cybersecurity service providers (CSPs)
Greater clarity on third and fourth party liability
Compliance audits and auditors
Clarity and guidance on the term “significant” cybersecurity incident
Clarification on ethics & requirements in the regulation of cyber security service providers
Cybersecurity training is key
Please click here to read the full comment letter.