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.
Notices
Published Date: 09 May 2024
Requirements on cyber hygiene for credit card or charge card licensees in Singapore
Technology Risk
Issued pursuant to: Financial Services and Markets Act 2022
Applies to:
Credit/Charge Card Issuer
View Notice
Notice FSM-N08 Cyber Hygiene
(70.4 KB)
This Notice sets out cyber security requirements on securing administrative accounts, applying security patching, establishing baseline security standards, deploying network security devices, implementing anti-malware measures and strengthening user authentication.
09 May 2024
MAS Notice FSM-N08 (70.4 KB) is effective from 10 May 2024.
Responses to Feedback Received to Draft Notice on Cyber Hygiene - 6 August (1.19 MB)