Regulatory Alerts2024-08-20
Added
MAS Notice FSM-N22 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N22 to impose specific cyber hygiene requirements on capital markets financial institutions. The regulation mandates the implementation of security measures including securing administrative accounts, applying security patching, establishing baseline standards, deploying network devices, implementing anti-malware, and strengthening user authentication. The amended notice took effect on 20 August 2024, following the initial effective date of 10 May 2024.
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