MAS and ABS establish an AI-driven cyber risk taskforce to strengthen financial sector resilience against emerging AI, technology, and cyber threat

The Monetary Authority of Singapore and the Association of Banks in Singapore have formed the AI-Driven Cyber and Technology Risk Taskforce with major banks, the Singapore Exchange and national payment and processing operators. The taskforce will share emerging threat intelligence and use cases, trial advanced AI-enabled defensive tools and develop guidance on measures for detecting, preventing…