Regulatory Alerts2013-08-21
Added
MAS Circular (Cancellation) 2013
The Monetary Authority of Singapore issued this circular to formally cancel eleven previous technology and security guidelines with immediate effect. These superseded documents, including SRD TR 02/2010 and various security advisories from 2001 to 2010, are replaced by the Technology Risk Management Guidelines dated 21 June 2013. This action consolidates regulatory requirements for financial institutions and insurers regarding information systems reliability, endpoint security, and internet banking safety.
Circular No. SRD TR 02/2013 21 August 2013 The Chief Executive Officers of All Financial Institutions The Chief Executives of All Insurers Dear Sir/Madam MAS CIRCULAR (CANCELLATION) 2013 Please be informed that the following circulars have been superseded by the Technology Risk Management Guidelines dated 21 June 2013 and are hereby cancelled with immediate effect:
- SRD TR 02/2010, Information Systems Reliability, Resiliency and Recoverability dated 30 July 2010;
- SRD TR 02/2009, Technology Risk Management dated 18 August 2009;
- SRD TR 01/2009, Endpoint Security and Data Protection dated 20 March 2009;
- SRD TR 02/2005, Two-Factor Authentication for Internet Banking dated 25 November 2005;
- SRD TR 01/05, Security Advisory: Spyware dated 6 April 2005;
- SRD TR 03/03, "Phishing" Scam – Security Advisory dated 10 November 2003;
- SRD TR 02/03, Internet Kiosk Security Advisory dated 26 September 2003;
- Wireless Local Area Network Security Advisory dated 5 December 2002;
- Internet Banking – Security Advisory dated 9 April 2002;
- FSG 61/2001, Responsibility for Internet Banking Security dated 12 November 2001; and
- FSG 36/2001, Network Security – Internet Banking Systems dated 18 July
Yours faithfully (via MASNET) WAN AIK CHYE EXECUTIVE DIRECTOR SPECIALIST RISK DEPARTMENT