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:
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial