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

Chief Technology Officer, Chief Information Security Officer, BeyondTrust

With more than 20 years of IT industry experience, and author of Privileged Attack Vectors and Asset Attack Vectors, Mr. Haber joined BeyondTrust in 2012 as a part of the eEye Digital Security acquisition. He currently oversees the vision for BeyondTrust technology encompassing privileged access management, remote access, and vulnerability management solutions, and BeyondTrust’s own internal information security strategies. In 2004, Mr. Haber joined eEye as the Director of Security Engineering and was responsible for strategic business discussions and vulnerability management architectures in Fortune 500 clients. Prior to eEye, he was a Development Manager for Computer Associates, Inc. (CA), responsible for new product beta cycles and named customer accounts. Mr. Haber began his career as a Reliability and Maintainability Engineer for a government contractor building flight and training simulators. He earned a Bachelor of Science 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

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You May Also Be Interested In:

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