DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Monetary Authority of Singapore Sets Out Revised Expectations for Notification of Data Breaches by Licensed Insurers

Posted on March 14, 2023 by Dissent

Rajesh Sreenivasan, Steve Tan, Benjamin Cheong, Lionel Tan, Tanya Tang, Wong Onn Chee, Simon Goh, and Wang Ying Shuang of Rajah & Tann Asia write:

On 22 February 2023, the Monetary Authority of Singapore (“MAS“) issued Circular No. ID 03/23 – Notification of Data Breaches to the Monetary Authority of Singapore (“Circular 03/23“). Circular 03/23 sets out the revised expectations for licensed insurers regarding notifying MAS of data breaches. It replaces Circular No. ID 10/14 – Notification to the Monetary Authority of Singapore on Events of Significant Impact, which has been cancelled from 22 February 2023, the date Circular 03/23 came into effect.

Circular 03/23 sets out the data breaches that must be notified to MAS under the following categories:

  • Data breaches under the Personal Data Protection Act 2012 (“PDPA“);
  • Data breaches that meet the criteria under MAS Notice 127 – Notice on Technology Risk Management (“Notice 127“) and the MAS Guidelines on Outsourcing (“Outsourcing Guidelines“); and
  • Other data breaches.

This Update highlights the notification requirements, as well as the relevant timelines for notification, under Circular 03/23.

Read more of their article on Lexology.com

Category: Breach LawsBusiness SectorFederalLegislationNon-U.S.

Post navigation

← Data from Vietnam’s state-owned oil and gas group and affiliated firms leaked
No need to hack when it’s leaking, DC Health Link edition →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • CoinMarketCap Hacked, Scrambles to Remove Malicious Wallet Verification Popup
  • Montana Attorney General launches investigation into Lee Enterprises data breach
  • AT&T gets preliminary approval for $177 million data breach settlement
  • Aflac notifies SEC of breach suspected to be work of Scattered Spider
  • Former JBLM soldier pleads guilty to attempting to share military secrets with China
  • No, the 16 billion credentials leak is not a new data breach — a wake-up call about fake news (Updated)
  • Tonga’s health system hit by cyberattack (1)
  • Russia Expert Falls Prey to Elite Hackers Disguised as US Officials
  • Proposed class action settlement in In re Netgain Technology litigation
  • Qilin Offers “Call a lawyer” Button For Affiliates Attempting To Extort Ransoms From Victims Who Won’t Pay

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • The Markup caught 4 more states sharing personal health data with Big Tech
  • Privacy in the Big Sky State: Montana’s Consumer Privacy Law Gets Amended
  • UK Passes Data Use and Access Regulation Bill
  • Officials defend Liberal bill that would force hospitals, banks, hotels to hand over data
  • US Judge Invalidates Biden Rule Protecting Privacy for Abortions
  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
  • 23andMe fined £2.31 million for failing to protect UK users’ genetic data

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.