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MAS sets up International Advisory Panel for cyber security

SINGAPORE—The Monetary Authority of Singapore (MAS) announced on Wednesday (Sept 20) that it has set up a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

TODAY file photo

TODAY file photo

SINGAPORE—The Monetary Authority of Singapore (MAS) announced on Wednesday (Sept 20) that it has set up a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector. Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices in cyber security strategies.

“As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cyber security is critical to sustaining trust and confidence,” said Mr Ravi Menon, managing director of MAS.

“We look forward to tapping on the CSAP’s expertise to help ensure that Singapore’s financial sector remains dynamic and secure in an increasingly digital world.”

The inaugural meeting will be held in October.

CSAP members, who are appointed for a two-year term, include Mr David Koh, chief executive of Singapore’s Cyber Security Agency (CSA) and Mr Kevin Mandia, chief executive officer and board director of American cyber security services provider FireEye, which has been picked to provide training on incident response and malware analysis at the newly-established CSA Academy.

Other panel members include Mr Adrian Asher, group chief information security officer, London Stock Exchange, Ms Cheri McGuire, group chief information security officer, Standard Chartered Bank, and Mr Vincent Loy, partner, financial crime and cyber leader, PricewaterhouseCoopers Risk Services.

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