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Vulnerability Assessment Policy
"Need a Vulnerability Assessment Policy for our fintech startup that complies with Singapore's MAS regulations and includes specific provisions for cloud infrastructure security assessments, to be implemented by March 2025."
1. Purpose and Scope: Defines the objectives and scope of the vulnerability assessment policy, including compliance with Singapore's Cybersecurity Act 2018 and PDPA 2012
2. Roles and Responsibilities: Outlines who is responsible for various aspects of vulnerability assessment, including management oversight, technical execution, and reporting obligations
3. Assessment Methodology: Details the approved methods and procedures for conducting vulnerability assessments, aligned with international standards like ISO/IEC 27001 and local regulations
4. Reporting Requirements: Specifies how vulnerabilities should be documented and reported, including mandatory breach notification requirements under Singapore law
5. Remediation Procedures: Defines how identified vulnerabilities should be addressed, including prioritization, timelines, and verification procedures
1. Third-Party Assessment Requirements: Specific requirements and compliance standards for external vendors conducting vulnerability assessments
2. Cloud Infrastructure Assessment: Requirements specific to cloud-based systems and services, including cross-border data considerations
3. Industry-Specific Requirements: Additional requirements for specific sectors, such as financial services (MAS Guidelines) or Critical Information Infrastructure
1. Vulnerability Assessment Checklist: Comprehensive checklist aligned with Singapore's regulatory requirements and international best practices
2. Risk Assessment Matrix: Framework for evaluating vulnerability severity and prioritizing remediation efforts
3. Reporting Templates: Standardized formats for vulnerability reports, including regulatory notification templates
4. Tool Configuration Guidelines: Configuration standards for assessment tools and approved software list
5. Regulatory Compliance Matrix: Mapping of policy elements to Singapore regulatory requirements and international standards
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