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Hyperproof releases new enterprise ready functionality to support efficient compliance operations in complex environments

Hyperproof, a pioneer in SaaS based security and compliance operations management, announced today the release of a suite of new functionality to help global en

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Hyperproof releases new enterprise ready functionality to support efficient compliance operations in complex environments

/PRNewswire/ -- Hyperproof, a pioneer in SaaS based security and compliance operations management, announced today the release of a suite of new functionality...

Australia , United-states , United-kingdom , Singapore , Brazil , Australian , America , Erin-nelson , Prnewswire-hyperproof , Hyperproof-content-library , Software-development-kit , Information-security-assessment-exchange

Hyperproof releases new enterprise ready functionality to support efficient compliance operations in complex environments

/PRNewswire/ -- Hyperproof, a pioneer in SaaS based security and compliance operations management, announced today the release of a suite of new functionality...

Australia , United-states , United-kingdom , Singapore , Brazil , Australian , America , Erin-nelson , Prnewswire-hyperproof , Hyperproof-content-library , Software-development-kit , Information-security-assessment-exchange

Hyperproof releases new enterprise ready functionality to support efficient compliance operations in complex environments

BELLEVUE, Wash., Nov. 9, 2022 /PRNewswire/ -- Hyperproof, a pioneer in SaaS based security and compliance operations management, announced today t...

Australia , United-states , United-kingdom , Singapore , Brazil , Australian , America , Erin-nelson , Prnewswire-hyperproof , Hyperproof-content-library , Software-development-kit , Information-security-assessment-exchange

MAS Threatens Supervisory Action if Banks Exceed 4 Hours of Downtime

The Monetary Authority of Singapore (MAS) takes seriously all IT incidents that affect the availability of digital banking services.

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Regional Round-Up 2021 (Year in Review Edition): Singapore

Throughout the year, we have been keeping you up to date on noteworthy developments across the region with our Regional Round-up Publications. As we…

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Software Escrow Predictions for 2022: Cloud and SaaS adoption, PRA SS2/21, Ransomware attacks, and more! | Escrow London

As we come to the end of the year, it only feels right to start looking ahead and asking ourselves what does 2022 hold for the software escrow industry? From an increase in cloud and...

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Singapore tightens cyber defence guidelines for financial services sector

Singapore tightens cyber defence guidelines for financial services sector
Revised guidelines on technology risk management include instructions for financial institutions to exercise "strong oversight" of arrangements with third-party service providers to ensure data confidentiality and details of the responsibility of senior management.
January 18, 2021 -- 08:54 GMT (00:54 PST)
| Topic: Security
Singapore has revised its current set of guidelines on technology risk management for financial institutions to include, amongst others, "strong oversight" of their partnerships with third-party service providers to ensure data confidentiality. The updated list also comprises updated guidance on security controls and stress tests as well as the appointment of third-party vendors and senior IT executives.

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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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Singapore financial firms face stricter cybersecurity rules

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The Monetary Authority of Singapore (MAS) has released new banking guidelines to reduce cyberattack risks for the banking and finance sector. Singapore’s financial regulator released the new Technology Risk Management Guidelines on 18 January 2021, requiring all financial institutions to assess the suppliers of their technology vendors. The new guidelines are “to keep pace with emerging technologies and shifts in the cyberthreat landscape”, MAS said.
MAS defines these guidelines as “a set of best practices that provide [financial institutions] with guidance on the oversight of technology risk management, practices, and controls to address technology and cyberrisks.” These guidelines apply to all banking, insurance, brokerage, and payment services firms operating in the country.

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