Singapore MAS Cybersecurity Compliance
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The Monetary Authority of Singapore (MAS) imposes various data protection and cybersecurity regulations on financial institutions operating in Singapore and other entities that it regulates with a broad power to investigate, enforce and impose penalties for non-compliance.
The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. MAS regulates and supervises deposit-taking institutions in Singapore, including full banks, wholesale banks, merchant banks and financial companies.
In Singapore, additionally to PDPA that establishes a comprehensive regime for personal data protection enforceable by PDPC, the MAS plays a vital role in policing cybersecurity and data protection of financial institutions by issuing mandatory notices and advisory guidelines.
All financial institutions doing business in Singapore shall be aware of the following cybersecurity documents issued and periodically updated by the MAS:
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