Our Solution to Singapore’s new Shared Responsibility Framework (SRF) to tackle cyber scams

𝗛𝗮𝘃𝗲 𝘆𝗼𝘂 𝘀𝗲𝗲𝗻 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲’𝘀 𝗳𝗶𝗴𝗵𝘁 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘀𝗰𝗮𝗺𝘀?
From December 16, the Shared Responsibility Framework (SRF) will hold financial institutions and telecom providers accountable for phishing-related losses—a critical move as digital scams become more sophisticated.

𝗛𝗼𝘄 𝘄𝗼𝘂𝗹𝗱 𝘁𝗵𝗶𝘀 𝗶𝗺𝗽𝗮𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻?
This framework ensures clear accountability: if a financial institution or telco fails in its anti-scam duties, they could bear the full burden of victim losses.

𝗪𝗵𝗮𝘁’𝘀 𝗼𝘂𝗿 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻?
With such stringent requirements, proactive cybersecurity is no longer optional; it’s a necessity.

This is where Zero Trust architecture makes a difference. While frameworks like the SRF impose external compliance, Zero Trust models ensure continuous internal verification— operating on a “never trust, always verify” principle and segmenting systems to contain breaches. With Zero Trust, organizations stay ahead, mitigating insider threats, phishing attempts, and unauthorized access before regulators need to intervene.

Additionally, embedding Consumer Protection by Design ensures that consumer welfare becomes a core element of the organization’s DNA, rather than an afterthought – reflecting the mindset in which SRF aims to foster.

Companies that align their tech strategy with Zero Trust principles and incorporate consumer-centric practices will not just comply with new regulations —they’ll thrive in the secure, trust-driven environment of the future.

Reach out to us today to explore how BSL Technologies can deliver a robust Zero Trust security solution with Consumer Protection by Design built in, empowering organisations to strengthen resilience, reduce risk, and build a sustainable cyber security defence.