Singapore Develops Financial Cybersecurity Guidelines
The Association of Banks in Singapore recently released a set of guidelines aimed to strengthen the cyber resilience of the country’s financial sector.
Known as the Adversarial Attack Simulation Exercises (AASE) guidelines or “Red Teaming” guidelines, were developed by the ABS with the Monetary Authority of Singapore (MAS), which also recently launched a $30 million cyber security grant for the finance sector.
The AASE is a form of cyber security assessment which is used to test the robustness of financial institutions’ cyber defences through a simulated cyber-attack using tactics, techniques and procedures typically employed by threat actors.
Source: Channel Asia Singapore