Information Security Agreement Template for Singapore

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Key Requirements PROMPT example:

Information Security Agreement

"Need an Information Security Agreement for a Singapore-based fintech startup engaging a cloud service provider to handle customer financial data, with strict requirements around data encryption and breach notification within 24 hours."

What is a Information Security Agreement?

This Information Security Agreement is essential when parties need to share sensitive or confidential information in Singapore's business environment. It addresses the requirements of Singapore's data protection laws, including the PDPA and Cybersecurity Act, while establishing clear security protocols and responsibilities. The agreement is particularly crucial in today's digital landscape where data breaches and cyber threats are increasingly common, providing a framework for protecting sensitive information and maintaining compliance with Singapore's regulatory requirements.

What sections should be included in a Information Security Agreement?

1. Parties: Identification of all parties to the agreement, including their registered addresses and company details

2. Background: Context of the agreement and the purpose for which it is being entered into

3. Definitions: Key terms used throughout the agreement, including technical and security-related terminology

4. Scope of Information Protection: Definition of confidential information and protected data covered by the agreement

5. Security Requirements: Specific security measures and controls required to protect the information

6. Data Protection Obligations: Obligations under PDPA and other applicable laws regarding data handling

7. Breach Notification: Procedures for reporting and handling security incidents

8. Term and Termination: Duration of the agreement and conditions for termination

What sections are optional to include in a Information Security Agreement?

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 when dealing with regulated industries (finance, healthcare, etc.)

3. Audit Rights: Rights to audit security measures and compliance when regular security assessments are required

4. Subcontractor Requirements: Security obligations for third-party processors when subcontractors will handle protected information

What schedules should be included in a Information Security Agreement?

1. Security Controls Schedule: Detailed technical and organizational security measures required

2. Data Processing Schedule: Specific details about data types, processing activities, and purposes

3. Incident Response Plan: Detailed procedures for handling security incidents

4. Compliance Checklist: List of specific security requirements and compliance measures

5. Contact Details Schedule: Key contacts for security incidents and operational matters

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Healthcare
Technology
Telecommunications
Government

Relevant Teams

Information Security
Legal
IT
Compliance
Risk Management
Data Protection

Relevant Roles

Chief Information Security Officer
Data Protection Officer
IT Security Manager
Compliance Officer
Risk Manager

Industries

Personal Data Protection Act 2012 (PDPA): Singapore's main data protection legislation that governs the collection, use, disclosure and care of personal data. It establishes obligations for organizations handling personal data and rights for individuals.

PDPA Regulations 2021: Updated regulations that provide specific requirements for compliance with the PDPA, including mandatory data breach notification requirements and transfer limitation obligations.

Cybersecurity Act 2018: Establishes a framework for the protection of Critical Information Infrastructure (CII) and provides measures for preventing and managing cybersecurity incidents in Singapore.

Computer Misuse Act: Addresses unauthorized access to computer material, unauthorized modification of computer contents, and other computer-related offenses.

Banking Act and MAS Guidelines: Sector-specific regulations for financial institutions, including requirements for data security and technology risk management.

Healthcare Services Act: Sector-specific regulations governing healthcare data protection and security requirements for healthcare service providers.

Telecommunications Act: Sector-specific regulations for telecom providers, including data protection and security requirements in telecommunications services.

Electronic Transactions Act: Provides legal framework for electronic transactions and establishes the legal validity of electronic records and signatures.

Evidence Act: Contains provisions regarding the admissibility of electronic records as evidence in legal proceedings.

APEC Cross-Border Privacy Rules: International framework for data protection that may affect cross-border data transfers within the APEC region.

ASEAN Framework on Personal Data Protection: Regional framework establishing principles for personal data protection within ASEAN member states.

Common Law Principles: General principles of contract law, confidentiality, trade secrets protection, and duty of care that apply to information security agreements.

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Let's create your Information Security Agreement

What is a Information Security Agreement?

What sections should be included in a Information Security Agreement?

What sections are optional to include in a Information Security Agreement?

What schedules should be included in a Information Security Agreement?

Authors

Alex Denne

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