The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in the area of cybersecurity, with the aim of strengthening cyber resilience in Singapore's financial services sector.
This strategic partnership aims to further strengthen collaboration between MAS and Mastercard in the following areas:
- Bilateral sharing of cyber threat intelligence to increase cyber situational awareness in the financial services sector.
- Jointly analyze the latest cyber threats affecting the financial services sector and generate actionable insights and recommendations on possible countermeasures.and
- Capacity-building activities such as joint cybersecurity exercises, staff training, and training visits.
Vincent Roy, Assistant Managing Director (Technology) at MAS, said: Ecosystem. We are pleased that this MoU between MAS and Mastercard will contribute to this achievement and help drive cybersecurity capacity building. We look forward to a strong and fruitful partnership between MAS and Mastercard. ” said Ali Sarkar, President, Asia Pacific, Mastercard. It's no longer about securing devices or networks. It's about protecting the entire ecosystem today and into the future. This collaboration is an important step in that direction and we are delighted that he has been chosen as a partner of MAS. We will synergize our resources and expertise to advance joint efforts to protect the financial ecosystem and strengthen cyber resilience in Singapore and the rest of the world. ”
