Singapore Regulator Establishes Cyber Security Panel

The Monetary Authority of Singapore announced the setting up of a Cyber Security Advisory Panel.

Comprising cyber security thought leaders from around the world the new Cyber Security Advisory Panel (CSAP) will advise The Monetary Authority of Singapore (MAS) on strategies to enhance the cyber resilience of Singapore’s financial sector.

Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices in cyber security strategies.

«As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cyber security is critical to sustaining trust and confidence,» said Ravi Menon, Managing Director of MAS.

The CSAP members are to be appointed for a two-year term with the inaugural meeting to be held in October 2017, the full list of panel members can be found here.

Souce: Finews