As digital and technological advancements continuously evolve globally, cyber security threats also intensify. Mainly, businesses and other sectors are the organizations affected by these increasingly surrounding cyber threats. Thus, ensuring the security of the individuals and companies when using the digital space is relevant.
In Singapore, one solution of the government to ensure the safety of using the digital space for its citizens is through ratifying the Singapore cyber security Bill. However, before dealing with the specific topic of cybersecurity in Singapore, it’s essential to understand what cyber security is.
Cybersecurity is the practice of shielding digital activities on technologies such as computers, mobile phones, networks, and data from cyber-attacks. In addition, it provides protection to the data and information of the users stored in the digital space.
The Singapore Cyber Security Bill requires the computer system owners to do their obligations as the user of the system unit to provide utmost protection. (1) The owners need to provide reports if they experience malicious attacks concerning the CII or critical information infrastructures. (2)Aside from reporting cyber threat incidents, they are also required by the Bill to remember and follow the government’s request. (3) Lastly, the Singapore cyber security Bill needs the system owners to undergo risk assessments and conduct audits.
However, the implementation of cyber security in Singapore has been challenging since there are requirements and other regulations to follow. For example, businesses need to undergo risk assessments, vapt in Singapore, and ensure pci dss for online payments.
How to Adhere to Cyber Security in Singapore
Risk Assessments are essential to identify threats and vulnerabilities of data in a particular application or computer system. It allows the organization to get ahead of the attackers and support the managers to take preventive action once they detect malicious threats. Therefore, it’s a vital part of implementing cyber risk management in an organization or business sector.
Vulnerability Assessment and Penetration Testing
Another thing to report potential cyber threat incidents is through VAPT or vulnerability assessment and penetration testing in Singapore. Vulnerability assessment is the process of reviewing the company’s IT system for possible security weaknesses. For example, it’s vital to assess if social engineering attacks can occur in the system and report immediately to the CII providers. On the other hand, penetration testing is the act of simulating a cyber attack on the unit to check for weak spots of the system and decide if there is a need to consider added security measures.
Ensure Payment Card Industry Data Security Standard (PCI DSS)
Most businesses have adopted online payment and cashless transactions, making it easier for attackers to commit cybercrimes. Fortunately, the cyber security of Singapore established security measures to ensure the privacy and integrity of cardholders. Hence, for businesses, merchants, and service providers, complying with PCI DSS protects customer’s data and information. It’s one of the ways to comply to help the government of Singapore to ensure a safe and secure online transaction while purchasing, selling, and doing other online activities.