Replies Cyber security. Steps taken to raise standards

We thank Mr Zulkifli Jalil for highlighting that cyber security must extend beyond an organisation's own systems to include its vendors (Hold vendors to same high cyber security standards, or they may become weakest link, April 14), and agree with his views.

- 

The Monetary Authority of Singapore (MAS) expects all financial institutions to put in place stringent controls to protect any customer information that they disclose to their third-party vendors.

These vendors would include printing agencies like Toppan Next Tech. Financial institutions are expected to regularly review and affirm that the controls of their vendors are adequate to safeguard the confidentiality of customer information.