Singapore: Monetary Authority Introduces New Rules for Cyber Resilience

On August 6, 2019, the Monetary Authority of Singapore (MAS) published a new set of operational rules for financial institutions to improve cybersecurity resilience in the city-state’s financial sector amid growing threats.

The rules are legally binding and enclosed within the “Notice on Cyber Hygiene”. Eleven notices for the financial industry were issued. Of note for retail payments are the following notices:

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