Technology Risk Management Guidelines

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 .. 11 4 Technology Risk Management Framework .. 12 Risk Management Framework .. 12 Risk Identification .. 13 Risk Assessment .. 13 Risk Treatment .. 13 Risk Monitoring, Review and Reporting .. 13 5 IT Project Management and Security-by-Design .. 15 Project Management Framework .. 15 Project Steering Committee .. 15 System Acquisition .. 15 System Development Life Cycle and Security-By-Design.

management ensure effective internal controls and risk management practices are implemented to achieve security, reliability and resilience of its IT operating environment. 3.1.2 Both the board of directors and senior management should have members with the knowledge to understand and manage technology risks, which include risks posed by

Loading..

Tags:

  Internal, Management, Technology, Risks, Technology risk management

Information

Related search queries