Transcription of 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 .. 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 …
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