Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N08 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N08 to establish mandatory cyber hygiene requirements for credit and charge card licensees. The regulation mandates specific security controls including securing administrative accounts, applying security patching, and implementing anti-malware measures. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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