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MAS wants binding cyber security rules for Singapore financial institutions

Regulator is proposing to make six existing guidelines legally binding

Claudia Chong

Claudia Chong

Published Thu, Sep 6, 2018 · 09:50 PM
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Singapore

THE Monetary Authority of Singapore (MAS) has moved to tighten the rules on cyber security for financial institutions (FIs) in Singapore by proposing to make legally binding a set of six essential cyber security measures to protect their IT systems.

The measures are already part of its existing MAS Technology Risk Management Guidelines, but the financial regulator is proposing to rai…

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Financial institutions

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