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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.

TECHNOLOGY RISK MANAGEMENT GUIDELINES JANUARY 2021 Monetary Authority of Singapore 2 ... Information Officer, Chief Technology Officer or Head of IT, and a Chief Information Security Officer or Head of Information Security1, with the requisite expertise and experience, are appointed. ...

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