MAS partners with Mastercard to tackle cyber risks

The Monetary Authority of Singapore (MAS) announced it has formed a partnership with Mastercard to strengthen the financial sector’s capacity to fight cyber risks.

The MAS and the payments firm signed a memorandum of understanding on April 9 agreeing to share intelligence on cyber threats, their joint statement said.

They will also conduct joint analysis of the latest cyber threats affecting the financial sector and come up with recommendations on possible countermeasures. The two organisations