CSA Conducts First Cyber Security Table-top Exercise
Published on 26 May 2015
CSA held its first cyber security table-top exercise, CyberArk IV, for the banking and finance sector on 26 and 27 May 2015. Partnering CSA in this exercise is the Monetary Authority of Singapore (MAS), which is the sector lead for the banking and finance sector. The exercise participants hail from various financial institutions.
MAS and our financial institutions are committed to continuously review and enhance their cyber security efforts to better deal with constantly evolving cyber threats. I look forward to seeing more of these exercises being conducted for various sectors in the coming months. As individuals, we must likewise remain vigilant and practice cyber hygiene, for we are only as strong as our weakest link
Dr Yaacob Ibrahim
Minister-in-charge of Cyber Security
Over 60 participants took part in the exercise which was held at the Senior Police Officers’ Mess.
To be a trusted international financial centre that serves Singaporeans and the region, our financial system must be resilient against ever growing cyber threats. The exercise provides a good platform to test the capabilities of participating financial institutions in preparing for, responding to and recovering from cyber-attacks. It also brings industry experts together to exchange ideas on industry best practices.
Wong Nai Seng
Assistant Managing Director (Policy, Risk & Surveillance), MAS
The Banking and Finance Sector provides critical services, such as deposits, consumer credit, investments and payment processing, that are integral to our everyday life. Cyber security plays the role as an enabler – in this instance, having more resilient and responsive IT systems would mean that the public enjoys greater security and are more confident in using technology in their banking and financial transactions.
Mr David Koh
Chief Executive, Cyber Security Agency of Singapore (CSA)
CSA will be conducting more of these exercises targeted at other critical sectors in the coming months.
