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.
Notices
Published Date: 09 May 2024
Requirements on cyber hygiene for designated financial holding companies.
Technology Risk
Issued pursuant to: Financial Services and Markets Act 2022
Applies to:
Financial Holding Company (Banking)
,
Financial Holding Company (Insurance)
View Notice
Notice FSM-N16 Cyber Hygiene
(69.8 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-N16 (69.8 KB) is effective from 10 May 2024.
Responses to Feedback Received to Draft Notice on Cyber Hygiene (1.19 MB)