Addressing the MAS Technology Risk Management Guidelines with Privilege and Vuln

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and financial regulatory authority. The MAS frequently releases guidelines that address emerging technologies and evolving threat landscape. In June 2013, the MAS created an updated set of guidelines for Internet Banking and Technology Risk Management (IBTRM). This addendum mandates certain requirements for Technology Risk Management (TRM) and contains a set of guidelines (TRM Guidelines) and errata notices (TRM Notices). The TRM Guidelines are statements of industry best practices to which Financial Institutions are expected to adhere. The guidance is not legally binding but is used by MAS in risk assessment audits of financial institutions. BeyondTrust solutions for privileged account management and vulnerability management address several TRM Guidelines, including those outlined in the following sections of the latest MAS TRM Guidelines document:

Section 4: Technology Risk Framework
Section 6: Acquisition and Development of Information Systems
Section 9: Operational Infrastructure Security Management
Section 11: Access Control

Learn more about how BeyondTrust solutions map to the MAS TRM Guidelines in this white paper: Monetary Authority of Singapore: BeyondTrust Solution Overview.

Morey J. Haber is Chief Technology Officer and Chief Information Security Officer at BeyondTrust. He has more than 25 years of IT industry experience and has authored four Apress books: Privileged Attack Vectors (2 Editions), Asset Attack Vectors, and Identity Attack Vectors. In 2018, Bomgar acquired BeyondTrust and retained the BeyondTrust name. He originally joined BeyondTrust in 2012 as a part of the eEye Digital Security acquisition. Morey currently oversees BeyondTrust strategy for privileged access management and remote access solutions. In 2004, he joined eEye as Director of Security Engineering and was responsible for strategic business discussions and vulnerability management architectures in Fortune 500 clients. Prior to eEye, he was Development Manager for Computer Associates, Inc. (CA), responsible for new product beta cycles and named customer accounts. He began his career as Reliability and Maintainability Engineer for a government contractor building flight and training simulators. He earned a Bachelor of Science degree in Electrical Engineering from the State University of New York at Stony Brook.

Addressing the MAS Technology Risk Management Guidelines with Privilege and Vulnerability Management

Morey J. Haber, Chief Technology Officer and Chief Information Security Officer at BeyondTrust

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