Singapore issues Revised Guidelines to Combat Heightened Cyber Risks
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The Monetary Authority of Singapore has issued revised Technology Risk Management Guidelines (Guidelines).
Intended to keep pace with emerging technologies and shifts in the cyber threat landscape, the Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies, application programming interfaces, and rapid software development.
The Guidelines reinforce the importance of incorporating security controls as part of FIs’ technology development and delivery lifecycle, as well as in the deployment of emerging technologies.
Further details are available here.
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