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Showing posts from September, 2022

Cyber Security Agency of Singapore

The Department recognizes that Covered Entities’ focus should be on preventing cybersecurity attacks and improving systems to protect the institution and its customers. The Department’s notice requirement is intended to facilitate information sharing about serious events that threaten an institution’s integrity and that may be relevant to the Department’s overall supervision of the financial services industries. The Department trusts that Covered Entities will exercise appropriate judgment as to which unsuccessful attacks must be reported and does not intend to penalize Covered Entities for the exercise of honest, good faith judgment. Effective continuous monitoring could be attained through a variety of technical and procedural tools, controls and systems. There is no specific technology that is required to be used in order to have an effective continuous monitoring program. " Rule of Construction.-Nothing in this section may be construed to authorize a consortium to control o...