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SUMMARY:Technology Risk Management Guidelines and Regulations for the Safe
 ty &amp\; Soundness of the Financial Industry in Singapore - Tony Chew (Mo
 netary Authority of Singapore)
DTSTART:20121005T150000Z
DTEND:20121005T154500Z
UID:TALK38921@talks.cam.ac.uk
CONTACT:Wei Ming Khoo
DESCRIPTION:Managing technology risk is neither pure science nor pure art.
  It is a combination that requires a large dose of pragmatism\, conservati
 sm and practicality. The fragility and porosity of IT control and security
  infrastructures have resulted in frequent data breach incidents and syste
 m failures in the banking industry . Security and control issues such as c
 loud computing data commingling platform\, multi-tenancy promiscuity\, mul
 tiple client sharing configurations\, virtual machine contamination\, fail
 ure-point obscurity and data sovereignty have posed serious challenges to 
 technology risk management and the security of banking systems.\n\nTo assi
 st the financial industry in protecting their systems and safeguarding the
 ir digital assets\, MAS has been promulgating a number of technology risk 
 management guidelines and regulations based on the principles of data secu
 rity\, system integrity and operational resiliency.
LOCATION:Computer Laboratory\, William Gates Building\, Room FW11
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