Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N18 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N18 to establish mandatory cyber hygiene requirements for licensed credit bureaus. The regulation mandates specific security controls including securing administrative accounts, applying security patching, and implementing anti-malware measures. These requirements 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 licensed credit bureaus.
Risk Management
Technology Risk
Issued pursuant to: Financial Services and Markets Act 2022
Applies to:
Credit Bureau Licensee
View Notice
Notice FSM-N18 Cyber Hygiene
(70.2 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-N18 (70.2 KB) is effective from 10 May 2024.
Responses to Feedback Received to Draft Notice on Cyber Hygiene (1.19 MB)