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MAS imposes mandatory cybersecurity regulations for all FIs

The Monetary Authority of Singapore (MAS) has issued legally binding cybersecurity rules by way of 11 separate notices, each covering a different type of financial institution, to ensure improved cyber resilience across the board. The Notice on Cyber Hygiene comprises the 11 notices which cover cybersecurity-related measures that financial institutions — including all banks, insurers, trust companies, and payment system…

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