MAS issues new rules to strengthen cyber resilience of financial industry

Tan Yeow Seng, chief cybersecurity officer, MAS

The Monetary Authority of Singapore (MAS) has issued a set of legally binding mandatory requirements to raise cybersecurity standards and strengthen the cyber resilience of the financial sector. Financial firms based in Singapore will need to put the new risk-based measures in place within 12 months or face sanctions. A number of respondents to the consultation, including insurers and reinsurers,…

Please register or login to view the full post