Singapore creates cybersecurity advisory panel

  • Sep 21, 2017

The Monetary Authority of Singapore (MAS) has set up a Cyber Security Advisory Panel (CSAP), comprising cybersecurity thought-leaders from around the world.

The panel will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector, the regulator said in a statement.

Specifically, it said the CSAP will provide MAS with global perspectives on evolving technologies and cyber threats, as well as their implications for financial services, plus insights on best practices in cybersecurity strategies.

The inaugural meeting for the CSAP members, who are appointed for a two-year term, will be held in October 2017.

Said Ravi Menon, managing director of MAS: “As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cybersecurity is critical to sustaining trust and confidence.”

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