Cyber Resilience Initiative: Monetary Authority of Singapore
Cyber attacks have become a significant threat to financial stability over the last decade, and the Covid-19 crisis has only heightened the importance of protecting the digital systems of financial services firms.
The Monetary Authority of Singapore (MAS) has been a leader in regulatory and supervisory approaches to reducing cyber risks. “We have observed an uptick in Covid-19 themed cyber attacks and scams, where cyber criminals capitalised on the Covid-19 situation,” says Vincent Loy
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