Security

Singapore steps up focus on IT supply chain cyber security


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The Monetary Authority of Singapore (MAS) has flagged a fresh focus on strengthening security against cyber attacks on IT supply chains, with its Cyber Security Advisory Panel citing the need for a concerted effort to drive cyber security standards adoption across IT supply chains.

The issue was raised during the fifth annual meeting of the central bank and financial regulatory authority’s Cyber Security Advisory Panel (CSAP), which was held virtually on 26 and 27 October.

Not only did the panel flag the need for the adoption of cyber security standards across IT supply chains, it also stressed the incorporation of security considerations throughout the system life cycle.

Moreover, the panel pointed to the importance of effective system monitoring and regular log reviews to facilitate prompt detection of suspicious cyber activities.

During its latest annual meeting, the panel specifically supported the adoption of zero trust security principles and architecture to tackle advanced cyber threats and IT supply chain attacks.  





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