MAS adds cloud computing to guidelines on outsourcing risk management

Cloud laptop compressed
Cloud computing: previously, the MAS had "concerns" cloud services were "not sufficiently secure"

The Monetary Authority of Singapore (MAS) has today (July 27) published updated guidelines on outsourcing risk management, including a new section on cloud computing.

"The revised guidelines build on the existing ones to better capture evolving threats, such as offshoring business models and heightened cyber risks," said Ong Chong Tee, deputy managing director at MAS.

In the past, the MAS had "concerns" that cloud services were "not sufficiently secure" to safeguard the sensitive information

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