Singapore proposes new security guidelines to beef up financial resilience
Singapore is looking to introduce changes to existing guidelines on technology risk and business continuity management that will require financial organisations to implement more measures to boost their operational resilience. These aim to better prepare them for a physical and cybersecurity threat landscape that is rapidly changing, according to industry regulator Monetary Authority of Singapore (MAS).
The proposed changes would be made to the Technology Risk Management (TRM) and Business Continuity Management (BCM) guidelines that were first established in 2013 and 2003, respectively, to put in place security practices and controls to address technology risks as well as organisational response and recovery process to minimise impact of business disruptions…
California’s Wildfires Burn Through America’s Climate Illusions
Joan Didion’s “Holy Water,” written in 1977, is a paean to the elaborate engineering that supplied her taps in Malibu and filled drinking glasses in Hollywood restaurants. At its heart is a warning:
The apparent ease of California life is an illusion, and those who believe the illusion real live here in only the most temporary way.
The Golden State is actually a pretty inhospitable place: arid or semi-arid in large parts, prone to occasional floods (maybe even mega-floods) and, lest we forget, a giant quake-zone. There’s even a clutch of volcanoes. As a prosperous home for almost 40 million people, it is a place made, not begotten. Roughly a decade after Didion’s essay, Marc Reisner characterized California as “a beautiful fraud” in his much longer polemic “Cadillac Desert,” chronicling in exquisite detail the epic water projects, bottomless budgets and Chinatown politics that went into making a place like Los Angeles not merely viable but desirable…