Singapore's central bank, the Monetary Authority of Singapore (MAS), has set up a Cyber Security Advisory Panel (CSAP) to enhance the cyber resilience of the republic's financial sector.
Comprising cybersecurity thought leaders from across the globe, CSAP will provide MAS global perspectives on the impact of evolving technologies and cyberthreats to the financial sector. It will also offer insights on best practices in cybersecurity strategies.
According to MAS, CSAP members are on a two-year term, and they will come together for an inaugural meeting next month.
"As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cybersecurity is critical to sustaining trust and confidence. 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," commented Ravi Menon, managing director of MAS.
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