Singapore Launches Updated National Operational Technology Cybersecurity Masterplan
Introduction The updated national Operational Technology (“OT“) Cybersecurity Masterplan (“OT Masterplan 2024“) was launched by Mrs Josephine Teo, Minister for Digital Development and Information and Minister-in-charge of Cybersecurity, at the fourth edition of the Singapore Operational Technology Cybersecurity Expert Panel Forum on 20 August 2024. It outlines Singapore’s plans to boost the technical cybersecurity […]
ACRA Business Profiles, Business Certificates and Other Public Documents can be Digitally Authenticated from 2025 under e-Apostille Framework
On 12 September 2024, the Infocomm Media Development Authority (“IMDA“) introduced the e-Apostille Framework which will allow public documents to be authenticated online from 2025. This is an initiative by the Singapore Academy of Law (“SAL“) and IMDA which digitises the process of authenticating public documents for overseas use. With its introduction, Singapore will become […]
Public Consultation on Protection from Scams Bill – Police to be Empowered to Order Banks to Restrict Transactions of Scam Targets
Introduction Protecting individuals against the rising threat of scammers has been a key focus of the Government. The Ministry of Home Affairs (“MHA“) has reported that in the first half of 2024, the number of cases of scams has increased by 16.3%, with victims losing a record high of over S$385.6 million. Of particular concern […]
Generative AI and Financial Institutions – MAS Provides Insight on Cyber Risks and Mitigation Measures
Singapore Launches Updated Operational Technology Cybersecurity Masterplan
The updated national Operational Technology Cybersecurity Masterplan (“OT Masterplan 2024“) was launched by Mrs Josephine Teo, Minister for Digital Development and Information and Minister-in-charge of Cybersecurity, on 20 August 2024. It outlines Singapore’s plans to boost the technical cybersecurity capabilities and competencies of Singapore’s operational technology (“OT“) sector. The updated OT Masterplan 2024 seeks […]