Loading...
Loading...
Independent audit and threat modeling services aligned to the Monetary Authority of Singapore (MAS) Technology Risk Management and Threat & Vulnerability Risk Assessment guidelines.
For financial institutions, digital banks, and service providers operating in Singapore or managing cross-border transactions, the Monetary Authority of Singapore (MAS) TRM guidelines represent a key standard. Failure to meet these requirements can prevent vendor onboarding, stall licensing, or lead to regulatory actions.
nCrypt delivers professional, independent audit reviews that align with MAS standards. We evaluate your active networks, test physical datacenters against structural threat profiles, run logical vulnerability scans, and verify SecDevOps processes to ensure your security posture meets MAS technology risk expectations.
Our examiner-grade audit reports detail controls compliance, identify weaknesses, and provide prioritised risk treatment roadmaps to prepare your organization for regulatory reviews.
Audit of perimeter defenses, firewall access rules, DMZ zones, and subnet boundaries separating critical banking layers from public vectors.
Comprehensive physical boundary audits mapping access logs, power utility redundancy, fire protection, and response procedures to MAS standards.
Evaluation of the application security framework: source code vulnerability checks, library security patching, and secure release controls.
Audit of privilege identity access (PAM), user roles reviews, credential rotation rules, and security incident response playbooks.
Modeling active threat groups and executing mock phishing and breach tabletop exercises to measure containment efficacy.
Examiner-ready compliance logs and signed independent audit certificates for submission to boards or Singapore regulators.
We identify critical assets, data flows, and physical facilities. We review logical and network topologies to map in-scope systems.
Reviewing IT security policies, database access patterns, encryption keys lifecycle, and checking compliance gaps against the guidelines.
Drafting the threat library and modeling attack paths, backed by active vulnerability scans and application penetration testing.
Evaluating control effectiveness, calculating residual risk, and preparing a detailed action plan to mitigate compliance gaps.
Delivering the examiner-ready compliance pack, providing a briefing to key stakeholders, and issuing the independent compliance attestation.
The Monetary Authority of Singapore (MAS) Technology Risk Management (TRM) Guidelines are a set of risk management principles and best practices designed to govern technology security, infrastructure resilience, and operational risk across financial institutions in Singapore. It covers topics like IT governance, systems acquisition, logical access control, virtualization security, and incident handling.
Yes, indirectly but strictly. If a Malaysian cybersecurity company, data center operator, software vendor, or outsourcing partner provides critical services to a financial institution licensed in Singapore (e.g., banks, insurers, payment providers), they must comply with the MAS TRM guidelines as part of the Singapore institution's regulatory outsourcing requirements.
While both are threat-led risk assessments, their focus differs. **MAS TVRA** is highly structured around physical and logical threat vulnerabilities of a specific location or facility (such as a data center or operations hub), modeled against threats like physical intrusion, utility failure, natural disasters, and structural failures. **BNM TVRA** (under Bank Negara Malaysia's RMiT) is broader and models threat actors, data assets, and software vulnerability chains across the entire financial institution.
An audit evaluates your logical directory boundaries, software development lifecycle (SecDevOps), network partitioning (DMZs, internal segmentation), database encryption, employee security awareness training, incident response simulation records, and physical boundary controls.
A standard gap assessment against MAS TRM guidelines takes 3-5 weeks. A physical/logical Threat & Vulnerability Risk Assessment (TVRA) covering datacenter layouts, network topologies, and threat scenarios typically runs 6-10 weeks, depending on system complexity and the number of physical facilities in scope.
Plan a professional gap audit or Threat & Vulnerability Risk Assessment with our certified regional compliance auditors.
Get an Audit Scope