5G is helping to drive important business opportunities with its high-speed connections, ultra-low latency, and ability to transmit huge volumes of data and enable simultaneous connections with multiple devices. As businesses seek to leverage 5G technology, find out sazwwhat blind spots exist and how connected solutions can help.

This paper seeks to promote a better understanding of the key considerations for establishing cross-border linkages between two or more national fast payment systems, thereby paving the way for national authorities to pursue more of these linkages in the future.

Providers of managed security operations centre monitoring services and penetration testing services, collectively referred to as licensable cybersecurity services (LCS), should note that Part 5 of (and the Second Schedule to) the Cybersecurity Act 2018 will enter into force on 11 April 2022, implemented by the Cybersecurity (Cybersecurity Service Providers) Regulations 2022. To assist LCS providers in applying for the required licenses, the Cybersecurity Services Regulation Office has published an online collection of resources including application guides and a licensee information package.

The Infocomm Media Development Authority and the Economic Development Board will pilot a Call for Application to construct three new data centres, after lifting a moratorium on new data centre projects in place since 2019. In line with Singapore’s climate change commitments, permits will only be granted for proposed data centres that meet a stringent set of energy efficiency criteria.

Baker McKenzie’s Sanctions Blog published the alert titled Singapore Sanctions Measures Come Into Force on 17 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

The Ministry of Communications and Information announced plans to build a digitally secure, economically vibrant, and socially stable Singapore during the Committee of Supply 2022 debate on 4 March 2022.
The new initiatives will enhance the cyber resilience of Critical Information Infrastructure (CII) sectors and better secure Singapore’s cyberspace. Of particular note, the Cyber Security Agency of Singapore (CSA) will update and expand the Cybersecurity Act to also cover virtual assets (such as cloud-hosted systems), foundational digital infrastructure and key digital services.

The Singapore Computer Emergency Response Team (SingCERT), set up by the Cyber Security Agency of Singapore to facilitate the detection, resolution and prevention of cybersecurity-related incidents on the internet, has issued a list of measures that organisations should adopt to ensure proper cyber hygiene controls are in place and operating correctly. SingCERT’s advisory is issued on the basis of warnings of increased cyber threats globally arising from the recent cyberattacks on Ukraine and the developments in the invasion of Ukraine by Russia.

Singapore authorities have introduced measures to combat SMS-phishing scams. These measures include the anti-SMS spoofing registry.

Baker McKenzie’s Sanctions Blog published the alert titled The Singapore Exchange suspends PJSC Gazprom from Trading and what does the Singapore Exchange expect from issuers in relation to sanctions on 11 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled Singapore provides details of export control & financial sanctions on Russia on 6 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.