Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N10 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N10 to establish mandatory cyber hygiene requirements for finance companies. The regulation mandates specific security controls including securing administrative accounts, applying security patches, deploying network security devices, and strengthening user authentication. These requirements became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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