Data Management

Addressing the Requirements of: Monetary Authority of Singapore Internet Banking Technology Risk Management Guidelines

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Executive Summary

The Monetary Authority of Singapore (MAS) has published a document that summarizes electronic security and risk management guidelines that financial institutions should consider when deploying Internet banking solutions to customers. The goal of this paper is to provide banks with a sound framework of risk management principles and security practices, which will assist them in establishing a sound and robust technology risk management process, strengthening system availability, security and recovery capability, and deploying strong cryptography and key management practices to protect customer data.

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