01/18/2021 | Press release | Distributed by Public on 01/18/2021 00:20
MAS Enhances Guidelines to Combat Heightened Cyber Risks
Singapore, 18 January 2021… The Monetary Authority of Singapore (MAS) today issued revised Technology Risk Management Guidelines (578.7 KB) (Guidelines) to keep pace with emerging technologies and shifts in the cyber threat landscape.
2 The revised Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies, application programming interfaces, and rapid software development. The Guidelines reinforce the importance of incorporating security controls as part of FIs technology development and delivery lifecycle, as well as in the deployment of emerging technologies.