Venue: Ballroom 1, Amara Hotel Singapore, 165 Tanjong Pagar Road, Singapore 088539. MAS has sent out strong advisory for the adoption of sound control processes in managing technology risks and the implementation of security practices since 2001. Recently, regulatory guidelines have also been issued to review security practices in technology areas such as network and systems security, password protection, two factor authentication and data loss prevention for the insurance industry and capital markets. < Circular No. SRD TR 02/2009: Technology Risk Management Circular for Insurance and Capital market industries > Any security breach today must now be disclosed. It can result in financial loss, massive loss of customer confidence and even imposition of punitive regulatory strictures by the authorities. Can we choose to ignore it?