MAS enhances cyber risk guidelines as risks grow
Authority warns “spate” of cyber attacks have targeted suppliers of IT services
The Monetary Authority of Singapore published a set of revised cyber risk guidelines on January 18, warning that risks continue to grow.
The action comes as both central banks and commercial firms are targeted by attacks via third-party systems. The MAS said there had been a recent “spate” of such attacks.
The new guidelines suggest financial institutions establish a robust process to analyse and share cyber threat intelligence with peers. Firms should conduct cyber exercises to stress-test
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