Regulatory Alerts2024-02-20
Added
Advisory on Addressing the Cybersecurity Risks Associated with Quantum
The Monetary Authority of Singapore issued this advisory to require financial institutions to address cybersecurity risks posed by cryptographically relevant quantum computers. It mandates that institutions attain crypto-agility, maintain comprehensive cryptographic asset inventories, and prioritize the migration to post-quantum cryptography and quantum key distribution. Additionally, financial institutions must develop internal capabilities, review policies, and assess third-party vendor risks to ensure a resilient transition to quantum-resistant security solutions.
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