Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N06 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N06 to establish mandatory cyber hygiene requirements for all licensed banks in Singapore. The regulation mandates specific security controls including securing administrative accounts, applying security patching, establishing baseline standards, deploying network security devices, implementing anti-malware measures, and strengthening user authentication. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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