MAS 655 Notice on Cyber Hygiene

By : 6clicks
The Monetary Authority of Singapore (MAS) issued Notice 655 – Notice on Cyber Hygiene on 6 Aug 2019. This notice is applicable to all banks in Singapore and takes effect from 6 Aug 2020.
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Details

The MAS 655 Notice of Cyber Hygiene applies to all banks in Singapore (including money changers and remittance companies). It sets out cyber security requirements on securing administrative accounts, applying security patching, establishing baseline security standards, deploying network security devices, implementing anti-malware measures and strengthening user authentication. The MAS 655 Notice on Cyber Hygiene spans 10 requirements across 6 sections as follows:

  • Administrative Accounts
  • Security Patches
  • Security Standards
  • Network Perimeter Defence
  • Malware protection
  • Multi-factor Authentication

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Jurisdiction Singapore
Type Laws or related obligations