Singapore’s Draft Cybersecurity Bill

Broken news that draft cybersecurity bill Singapore recently released, Tim McElwee, Co-Founder, President and Chairman at Proficio commented below.

Tim McElwee, Co-Founder, President and Chairman at Proficio:

“Based on the shortage of qualified people and resources in the region, and the high demand that this new bill requires, Singapore businesses would benefit greatly by leveraging the cybersecurity technology expertise offered by managed security service providers (MSSPs). As cyberattacks continue to rise across the Asia-Pacific region, organizations need credible security service providers to tighten overall security posture. However, not all MSSPs are created equal. In preparation for this new legislation, I’d advise businesses to start actively examining their provider’s security operations center (SOC) team’s success rate in not only detecting, but also responding to highly relevant security events. Ask for the SOC’s capability to proactively investigate suspicious events and not rely too much on system-generated alerts – including identifying the number of false positives received on a daily basis.”

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