Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N26 Cyber Hygiene
The Monetary Authority of Singapore issued Notice FSM-N26 to impose cyber hygiene requirements on licensed trust companies. The regulation mandates specific security measures including securing administrative accounts, applying security patching, establishing baseline standards, deploying network devices, implementing anti-malware, and strengthening user authentication. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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