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TECHNOLOGY RISK MANAGEMENT GUIDELINES

monetary authority of Singapore TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 monetary authority OF SINGAPORE 2 TABLE OF CONTENTS 1 INTRODUCTION .. 4 2 APPLICABILITY OF THE 5 3 OVERSIGHT OF TECHNOLOGY risks BY BOARD OF DIRECTORS AND SENIOR MANAGEMENT .. 6 Roles and Responsibilities .. 6 IT Policies, Standards and Procedures .. 6 People Selection Process .. 7 IT Security Awareness .. 7 4 TECHNOLOGY RISK MANAGEMENT FRAMEWORK .. 8 Information System Assets .. 8 Risk Identification .. 8 Risk Assessment .. 9 Risk Treatment .. 9 Risk Monitoring and Reporting.

TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 MONETARY AUTHORITY OF SINGAPORE 4 1 INTRODUCTION 1.0.1 The advancement of information technology (“IT”) has brought about rapid

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