Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N16 on Cyber Hygiene Requirements for Designated Financial Holding Companies
The Monetary Authority of Singapore issued Notice FSM-N16 to establish mandatory cyber hygiene standards for designated financial holding companies. The regulation requires these entities to secure administrative accounts, apply security patching, deploy network security devices, and implement anti-malware measures. Additionally, the notice mandates the establishment of baseline security standards and strengthened user authentication protocols effective from 10 May 2024.
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