Published September 20, 2017 | View complete press releases list |
Date: September 20, 2017
Categories: Risk and Regulation, Security, technology, Transaction Banking
Keywords: MAS, Cybersecurity
The Monetary Authority of Singapore (MAS) announced that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.
The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector. Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices in cyber security strategies.
CSAP members are appointed for a two-year term. The full list of members can be found in Annex A. The inaugural meeting will be held in October 2017.
Mr Ravi Menon, Managing Director of MAS said, “As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cyber security is critical to sustaining trust and confidence. We look forward to tapping on theCSAP’s expertise to help ensure that Singapore’s financial sector remains dynamic and securein an increasingly digital world.”
Re-disseminated by The Asian Banker
