MAS flags major AI, quantum computing risks to financial institutions; forms task force to prepare defences
The Monetary Authority of Singapore (MAS) has formed a task force to address cybersecurity risks posed by AI and quantum computing in the financial sector. The central bank plans to issue supervisory expectations for quantum resilience to protect financial institutions from emerging threats.
Why it matters
As financial systems become increasingly digitized, proactive regulation of advanced technologies is essential to maintain national and global economic stability.
The central bank will also issue a set of "supervisory expectations" for quantum resilience later this year.
Buildings in the central business district in Singapore on Nov 16, 2022. (File photo: CNA/Hanidah Amin)
Abigail Ng 28 Jul 2026 05:30PM (Updated: 28 Jul 2026 05:46PM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST SINGAPORE: As artificial intelligence and quantum computing create new cybersecurity and scam risks for the financial sector, the Monetary Authority of Singapore (MAS) has launched a task force to strengthen cyber defences and tackle AI-driven threats.
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