Cyber Security Bill & Strategy Industry Dialogue
Cyber Security Agency wants to develop a dynamic cybersecurity ecosystem and train sustainable cybersecurity experts in Singapore.
L to R: Panelists: Chng Ho Kiat, Director, Preparedness & Resilience Division, MCI,
Yeong Zee Kin, Asst Chief Executive, Personal Data Protection Commission,
Teo Chin Hock, Deputy Chief Executive, CSA, Mr Selwyn Scharnhorst, Director for Ecosystem, CSA,
Moderator: Mr Lim Swee Cheang, Vice-Dean SCALE, NUS
The cyber security market is estimated to grow to $170 billion (USD) by 2020 at a Compound Annual Growth Rate (CAGR) of 9.8 percent from 2015 to 2020 according to a report from Markets and Markets. To meet the increasing demand and challenges, Cyber Security Agency of Singapore (CSA) shared its plan on how it envisions to develop this industry ecosystem and manpower at the Cybersecurity Act & Strategy Industry Dialogue organized by SiTF on 1 August 2016.
Approximately 150 industry leaders attended the 3-hour session to learn about the progress of the new cybersecurity act to be tabled in parliament in mid-2017. The engaging audience expressed their suggestions and opinions on various aspects of cybersecurity: manpower & training needs, industry standards, certification and costs.
Ms. Shirley Wong, Chairman of SiTF expressing industry’s concerns
on higher cost carried by vendors who have long-term contracts
The Chairman of SiTF, Ms Shirley Wong highlighted that any new legislation must factor in the additional cost considerations that vendors who have contracted multiple long-term projects incur. These vendors bear the additional cost to comply with new regulations increasing their business costs.
Mr Michael Smith, Security CTO of Akamai Technologies APJ shared his view
on cybersecurity manpower development
Mr Andrew Chow, President of ST Electronics Infocomm Systems enquiring
about legislation in cyberspace
Due to time constraint, the session ended even though there were unanswered questions. CSA assured the audience that more industry engagement sessions will be organized in the near future.
SiTF representing the cybersecurity industry will be submitting a recommendation paper to CSA/MCI on the new Cybersecurity Act. We seek your views and feedback on:
- How can CSA build up Singapore’s Cybersecurity industry and manpower
- Is there a need for wider adoption of certificates and standards? Will regulation help?
- What is the role of professional groups and industry associations?
- What is your vision of Singapore’s cybersecurity ecosystem in the next 10 years?
Please submit your views/feedback to https://goo.gl/forms/qnAN6dBUZchd5Tpx2