As organisations embrace recent technological advancements to transform businesses, increase business efficiency and improve processes, it is also critical to adapt policies and procedures in order to manage technological risks. Technology risk management is becoming an increasingly important discipline for organisations – many businesses are interwoven with technology systems and software that enhance business productivity, but also increases susceptibility to technological risks. Recent high-profile attacks have targeted the financial industry, and have emerged as one of the top-priority issues for management to address.
Recently, these attacks have become more successful, resulting in data breaches, economic and information losses. To adapt to the changing landscape and constraints, organisations have become more creative in managing technology risk. In addition, cyber regulations in Singapore have been evolving to address the recent challenges and trends that the industry is facing. Is your organisation agile enough to cope with these challenges and regulations?
This session will delve into the recent trends and updates on the new MAS Consultation Paper on Technology Risk Management Guidelines as well as technology risk management discipline in Singapore, catered for decision-makers and those responsible for compliance within the Financial Services industry.
- A review of the regulatory requirements in Singapore in managing technology risk
- Explore key points from the regulations that need your companies’ attention
- Sharing of recent trends on how financial institutions have coped with complexities in managing and complying with technology risk management regulations in Singapore
Ms Wendy Lim
Director, Cyber Security Consulting
Wendy is currently a Director in the Cyber Security practice in KPMG Singapore. She has 13+ years of experience in Third Party/Outsourcing Risk Management, Operational & IT Governance/Risk Management, Business/Cyber Resilience and IT Assurance.
At KPMG Singapore, Wendy is the Service Line Lead for Cyber Laws & Regulations, Technology Risk Management and Third-Party Cyber/Outsourcing Risk Management services and supports clients with Technology & 3rd Party risk management and regulatory compliance needs.
Wendy has in-depth experience in leading and managing engagements that focus on providing clients with IT risk management, IT regulatory advisory support, IT regulatory compliance reviews and 3rd Party risk consulting and independent assessments. She has also assisted clients in interpreting APAC Financial Services Technology, Data Protection and Third-Party Risk regulations.
Wendy has also conducted several industry briefing sessions to various Financial Institutions and Outsourced Service Providers on key updates as well as the potential impacts of the MAS Technology Risk Management Notices and Guidelines, MAS Outsourcing Notice and Guidelines, and ABS OSPAR Guidelines.