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Monetary Authority of Singapore tightens finance sector cybersecurity

Singapore tightens finance sector cybersecurity in wake of recent attacks
By
Cyberattacks targetting financial institutions have been on the rise globally
As one of the most cyber-ready regions in Asia, the Monetary Authority of Singapore has revised its technology risk management guide for financial institutions
Singapore’s financial regulator (MAS) has once again revised its technology risk management guide for financial institutions, to also protect data confidentiality and enforce “strong oversight” of partnerships with third-party service providers.
The updated changes to the MAS’ Technology Risk Management Guidelines also include new guidance on security controls and stress tests for finance systems as well as guidance on the appointment of third-party vendors and senior IT executives.

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