MAS forms cybersecurity panel

It includes officials from local and foreign financial institutions and firms.

The Monetary Authority of Singapore (MAS) established a Cyber Security Advisory Panel (CSAP) comprised of leaders from financial institutions and firms.

According to a press release, the CSAP will advise MAS on strategies to address cybersecurity issues in the country's financial sector.

CSAP members will all have a two-year term.

Appointed members are head officers of institutions such as London Stock Exchange Group, Accenture Security, JPMorgan Chase & Co, and Cyber Security Agency of Singapore.

MAS managing director Ravi Menon said, "As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cybersecurity is critical to sustaining trust and confidence. We look forward to tapping on the CSAP’s expertise to help ensure that Singapore’s financial sector remains dynamic and secure in an increasingly digital world."