Facilitating information sharing will help to improve cybersecurity as timely cyber threat information will help the Government identify vulnerabilities and prevent cyber incidents more effectively.
Beyond the Act, the Ministry of Communications and Information and the Cyber Security Agency of Singapore (CSA) will explore implementing administrative arrangements and partnerships to facilitate and encourage information sharing. For example, the Monetary Authority of Singapore collaborated with the Financial Services Information Sharing and Analysis Center (FS-ISAC) to set up the latter's regional centre in Singapore for the purpose of sharing information on threats including cybersecurity threats among financial institutions.