On 18th January 2021, the Monetary Authority of Singapore revised the Technology Risk Management Guidelines (MAS TRM) that regulate how every Financial Institution in Singapore and, to some extent every company that works with them – must do cybersecurity and manage their Technology risks. This is the first major revision of these heavyweight guidelines in 8 years, and it will have an impact on every firm in the industry.
This is a major rewrite of the TRM, and FIs and their service providers will have a significant amount of work to do to meet the changes. A lot of the changes reflect the changing times: out goes statements like “FI’s considering implementing wireless networks”, and in comes virtualisation, remote working, BYOD, fake news and mobile banking. The rest reflect a steady increase in expectations almost across the board: with the exception of a very few areas (capacity management, disaster recovery, IT Audit), the MAS has raised the bar everywhere.
In this panel discussion, we ask, ‘What’s new, What the changes mean for you, and How long you have to meet these new requirements’.
- Geoff Leeming, Co-Founder, Pragma
- Yishan Lee, Founder/Managing Director, Lymon Pte. Ltd.
- Ching Ing Liang, Head of IT Governance and Business Continuity, iSTOX
Is this for me?
This panel discussion will benefit CEOs, COOs, CISOs, CIOs, Security and Risk Executives/Managers, and anyone in Compliance, IT and Management within Fintech or a Financial Institution, such as banks, payment services, brokerage firm, insurance and investment company.
NEW RELEASE: MAS TRM 2021 White Paper
Get detailed insights on key changes with actionable task lists for FIs in this comprehensive white paper. Get your copy here.
Pragma is a cybersecurity consultancy with global headquarters in Singapore, Australia, Vietnam and the UK. Our strong partnerships and investment in an experienced team are demonstrated in these four solutions; Cyber and Regulatory Consultancy, Incident Response, Cloud Security and Security Testing.
For more information, contact us here.