The Monetary Authority of Singapore (MAS) today announced the launch of a new S$30 million Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity.
2 The Grant, funded under the Financial Sector Technology and Innovation Scheme (FSTI)1, will support the development of advanced cybersecurity functions2 in Singapore-based financial institutions. The Grant will co-fund up to 50% of qualifying expenses, capped at S$3 million, for: