On Apr. 9, SIN MAS signed MoU to enhance cybersecurity cooperation.
SIN MAS and Mastercard signed a memorandum of understanding (MoU) to enhance cooperation in cybersecurity to strengthen cyber resilience in financial services.
Follows SIN MAS Oct. 2022 discussed actions to address cyber risks, see #152268.
Aims
The partnership aims to further cement the collaboration between SIN MAS and Mastercard in information sharing of cyber threat intelligence to raise cyber awareness.
In addition, joint analysis of the latest cyber threats impacting the financial services sector to produce actionable insights and possible actionable countermeasures.
Both parties will undertake competency-building activities, such as staff training.
With a constantly evolving cyber threat landscape and rapid digitalization of financial services globally, close public-private partnership between key financial sector players is essential in order to engender cyber resilience of the financial ecosystem.
Regulators
SIN MAS
Entity Types
Corp; MSB
Reference
PR, 4/9/2024
Functions
Cyber; Financial; Privacy; Risk; Technology; Training
