Cyber security legislation would heavily fine errant firms
Posted On: Feb. 6, 2018 4:58 AM CSTSingapore's Parliament passed a cyber security bill on Feb. 5 which requires owners of critical information infrastructure in 11 essential services sectors to report cyber attacks to the government, Today reported. Industries with critical information infrastructure include energy, water, banking and finance, transport and security, among others. Mahdev Mohan, member of Parliament, said that local companies would need to bear additional costs of more than $150,000 for independent assessment and up to $350,000 for equipment to comply with the rules.