Threat, Vulnerability And Risk Assessment (TVRA)
What is TVRA Certification?
TVRA (Threat and Vulnerability Risk Assessment) is a set of requirements issued by the Monetary Authority of Singapore (MAS) for all Singapore-based financial institutions with an overseas physical presence. TVRA forms part of the Technology Risk Management Guidelines, aiming to deepen the financial institutions’ technology risk management capabilities and be ready to handle IT security incidents and system failures.
The MAS expects financial institutions to perform a TVRA on data centers in both Singapore and overseas, as long as the latter supports the financial institution’s Singapore operations.
Benefits of TVRA Certification
Who can be certified TVRA Certification?
Document required for TVRA Certification
The extent of Documented Information differs as per:
Role of Shamkris and Process of TVRA Certification
Shamkris adopts a results-oriented approach to compliance product certification, A simple & practical method of product certification organization in timely compliance and fulfills the product certification requirement. Shamkris support 100% on documentation required to comply with product certification either by self-certification or notify body certification to depend on directives.
The implementation process is described below: