MAS unveils S$30m grant to bolster cybersecurity

Singapore

THE Monetary Authority of Singapore (MAS) on Monday launched a S$30 million Cybersecurity Capabilities Grant to raise the cybersecurity capabilities of the financial sector and help financial institutions develop local talent in cybersecurity.

Funded under the Financial Sector Technology and Innovation Scheme (FSTI), the grant will support the development of advanced cybersecurity functions within financial institutions.