The Cybersecurity Agency of Singapore has announced the launch of the licensing framework for cybersecurity providers (“Framework“), which has taken effect from 11 April 2022. The Framework imposes a licensing requirement for the provision of prescribed cybersecurity services and sets out a series of licensing requirements and conditions. It aims to better safeguard consumers’ interests and address the information asymmetry between consumers and cybersecurity service providers, as well as to improve service providers’ standards and standing over time.
The enacted Framework contains certain amendments from the version proposed in the earlier industry consultation. This Update provides an updated summary of the key elements of the Framework, including the scope of licensing, the licensing requirements and the licence conditions, as well as the timeline for compliance.
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