SIN MAS Mastercard Cybersecurity MoU

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
Countries Singapore
Category National Regulator
Products Cards; Corporate
Regions AP
Rule Type Guidance
Rule Date 4/9/2024
Effective Date 4/9/2024
Rule Id 207874
Linked to Rule :152268
Reg. Last Update 4/9/2024
Report Section International

Last substantive update on 04/12/2024