OBS_VALUE: Cybersecurity Act 2018 provides for licensing of cybersecurity service providers, i.e., managed security operations centre (SOC) monitoring service and penetration testing service. Under Part 5 of the Cybersecurity Act (CS Act) and the Second Schedule to the CS Act, CSA licenses two types of cybersecurity service providers, namely those providing penetration testing and managed security operations centre monitoring services (i.e. licensable cybersecurity services). Since the licensing framework took effect on 11 April 2022, businesses providing these licensable cybersecurity services to the Singapore market would need to apply for a license from the Cybersecurity Services Regulation Office. 