Technology Risk Management Guidelines

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Monetary Authority of Singapore 1 Technology Risk Management Guidelines January 2021 Technology RISK Management Guidelines JANUARY 2021 Monetary Authority of Singapore 2 Contents 1 Preface ........................................ ........................................ ................................ 5 2 Application of the MAS Technology Risk Management Guidelines ........................ 6 3 Technology Risk Governance and Oversight ........................................ .................. 7 Role of the Board of Directors and Senior 7 Policies, Standards and Procedures ........................................ ............................. 9 Management of Information Assets ........................................ ............................ 9 Management of Third Party 10 Competency and Background Review ........................................ ....................... 10 Security Awareness and Training.

13.2 Penetration Testing ... guidelines that MAS may issue from time to time pursuant to the relevant legislation and subsidiary legislation. TECHNOLOGY RISK MANAGEMENT GUIDELINES JANUARY 2021 Monetary Authority of Singapore 7 3 …

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