The Monetary Authority of Singapore (MAS) has established a Cyber and Technology Resilience Experts (CTREX) Panel to replace its Cyber Security Advisory Panel, expanding its mandate to include technology resilience, MAS said. The 13-member panel, comprising leaders from the tech and financial sectors, will advise on emerging technology risks and recommend strategies to enhance the cyber and technology resilience of Singapore’s financial sector. The panel will convene its inaugural meeting in mid-2025. Notable members include executives from Citigroup, HSBC, and UBS. MAS Managing Director Chia Der Jiun highlighted the critical need for financial institutions to maintain technology resilience and manage cyber risks effectively, given their increasing reliance on technology to deliver services.
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