SINGAPORE (Jan 18): The Monetary Authority of Singapore (MAS) has issued its revised guidelines on technology risk management to “keep pace with emerging technologies and shifts in the cyberthreat landscape”, said the central bank.

The revised guidelines focus on addressing technology and cyber risks amid growing use of cloud technologies, application programming interfaces and rapid software development by financial institutions (FIs).

According to the MAS, the guidelines reinforce the importance of incorporating security controls as part of an FI’s technology development and delivery life cycle, as well as the deployment of emerging technologies ... (click on link for full story on theedgesingapore.com).