The Data Security Agreement is essential for organizations operating in Singapore that share, process, or store sensitive data. This agreement ensures compliance with Singapore's robust data protection framework, including the PDPA and Cybersecurity Act. It is particularly crucial given Singapore's position as a global business hub and its strict regulatory requirements for data protection. The document typically covers security measures, breach notifications, audit rights, and compliance obligations, making it a fundamental tool for establishing data security responsibilities between parties.
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Key Requirements PROMPT example:
Data Security Agreement
"I need a Data Security Agreement under Singapore law for my fintech company that will be sharing customer financial data with a cloud service provider, with specific provisions for cross-border data transfers to Australia and enhanced security measures for financial data processing starting March 2025."
1. Parties: Identification of all parties to the agreement, including registered addresses and company details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology
4. Scope of Agreement: Details of what data is covered and general security obligations
5. Data Security Requirements: Specific security measures, protocols, and standards to be implemented
6. Breach Notification: Procedures for reporting and handling security incidents
7. Compliance and Audit: Rights to audit and compliance verification procedures
8. Term and Termination: Duration of agreement and termination conditions
1. Cross-border Data Transfers: Requirements for international data transfers when data will be transferred outside Singapore
2. Industry-Specific Requirements: Additional security requirements for specific sectors such as financial services or healthcare
3. Sub-processor Requirements: Rules for engaging third-party data processors when third-party processors will handle the data
4. Business Continuity: Disaster recovery and business continuity requirements for critical data processing operations
1. Security Standards and Protocols: Detailed technical security requirements and standards
2. Data Categories and Processing Activities: Detailed list of data types and how they will be processed
3. Incident Response Plan: Detailed procedures for handling security incidents
4. Audit Framework: Specific audit requirements and compliance checklist
5. Sub-processor List: Approved third-party processors and their security credentials
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