In brief: Singapore rolls out $22m cybersecurity grant for the financial sector

The Monetary Authority of Singapore (MAS) has launched a US$22 million (S$30 million) Cybersecurity Capabilities Grant under the country’s Financial Sector Technology and Innovation Scheme.

The new allocation will be used to strengthen the cyber-resilience of Singapore’s financial sector via the development of advanced cybersecurity functions. These include security operations, cyberthreat surveillance and intelligence gathering, computer forensics, malware research and analysis, and cyberthreat hunting.

It will also be used to support financial institutions to upskill local talent through cybersecurity-related training programs.

Source: MAS