MAS & Singapore Banks Form AI Taskforce as Frontier Models Redraw the Cyber Threat Landscape
Since May, regulators, banks and financial infrastructure operators in Singapore have been sitting around the same table, confronting a problem that is becoming harder to dismiss with each new generation of artificial intelligence. On Tuesday, that quiet collaboration acquired a name. The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) formally launched the AI-Driven Cyber and Technology Risk Taskforce, or ACT, an industry-wide initiative intended to strengthen the financial sector's defenses against threats created by frontier AI models.
