Alvin Tan on managing commercial cyber risks
Public sector agencies, including statutory boards, are not required to procure commercial cyber insurance but they have a multipronged approach to managing cyber risks. These include investments in prevention, detection, response and recovery capabilities. The Monetary Authority of Singapore (MAS) follows developments in cyber insurance through its engagements with the industry. MAS board member Alvin Tan said this in reply to an MP’s questions in parliament on Wednesday (Oct 7).
Public sector agencies, including statutory boards, are not required to procure commercial cyber insurance but they have a multipronged approach to managing cyber risks. These include investments in prevention, detection, response and recovery capabilities. The Monetary Authority of Singapore (MAS) follows developments in cyber insurance through its engagements with the industry. MAS board member Alvin Tan said this in reply to an MP’s questions in parliament on Wednesday (Oct 7).
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