Standards Comparison

    NIST 800-53

    Mandatory
    2020

    Federal catalog of security and privacy controls

    VS

    MAS TRM

    Mandatory
    2021

    Singapore guidelines for technology risk management in finance.

    Quick Verdict

    NIST 800-53 offers flexible security/privacy controls for U.S. federal and any organizations globally, while MAS TRM provides proportionate guidelines for Singapore FIs with supervisory enforcement. Companies adopt NIST for broad risk management; MAS for regulatory compliance.

    Security Controls

    NIST 800-53

    NIST SP 800-53 Rev. 5: Security and Privacy Controls

    Cost
    €€€
    Complexity
    Medium
    Implementation Time
    18-24 months

    Key Features

    • Unified catalog of 20 security/privacy control families
    • Tailorable low/moderate/high baselines per FIPS 199
    • Outcome-based statements for flexible implementation
    • Integrated privacy baseline regardless of impact level
    • OSCAL machine-readable formats enabling automation
    Technology Risk Management

    MAS TRM

    MAS Technology Risk Management Guidelines (2021)

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Board and senior management accountability for oversight
    • Proportional controls based on asset criticality
    • Third-party risk assessment and ongoing monitoring
    • Annual penetration testing for internet-facing systems
    • Defence-in-depth cyber resilience requirements

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    NIST 800-53 Details

    What It Is

    NIST SP 800-53 Revision 5 is the U.S. federal government's primary catalog of security and privacy controls for information systems and organizations. It provides a flexible, risk-based framework to protect confidentiality, integrity, availability, and privacy risks through outcome-oriented controls.

    Key Components

    • Organized into 20 control families (e.g., AC, AU, SR, PT) with over 1,100 base controls and enhancements.
    • Baselines in SP 800-53B for low/moderate/high impact levels per FIPS 199, plus privacy baseline.
    • Built on Risk Management Framework (RMF); supports tailoring, overlays, and OSCAL machine-readable formats.
    • Compliance via assessment procedures in SP 800-53A; no formal certification but RMF authorization.

    Why Organizations Use It

    • Mandatory for federal agencies/contractors under FISMA/OMB A-130; voluntary for others.
    • Manages diverse threats; enables reciprocity, automation, and cross-framework mappings (CSF, ISO 27001).
    • Builds resilience, stakeholder trust, and competitive edge in regulated sectors.

    Implementation Overview

    • Follows **RMF lifecyclecategorize, select/tailor baselines, implement, assess, authorize, monitor.
    • Suited for federal, contractors, critical infrastructure; requires governance, tooling, phased rollout.
    • Audits via continuous monitoring; high effort for large-scale adoption.

    MAS TRM Details

    What It Is

    MAS Technology Risk Management (TRM) Guidelines (January 2021) are supervisory guidance from Singapore's Monetary Authority of Singapore (MAS) for financial institutions. They promote sound practices for managing technology and cyber risks, emphasizing proportionality based on risk profile, complexity, and criticality to ensure CIA (confidentiality, integrity, availability).

    Key Components

    • 15 sections covering governance, risk frameworks, secure development, IT operations, resilience, access controls, cryptography, cyber defense, assessments, and audit.
    • 12 synthesized principles like board accountability, asset inventories, third-party oversight, security-by-design.
    • Risk-based approach with no fixed controls; compliance via supervisory review, no formal certification.

    Why Organizations Use It

    • Meets MAS supervisory expectations for licensed FIs (banks, insurers, fintechs).
    • Enhances cyber resilience, reduces incidents, builds customer trust.
    • Supports digital transformation while mitigating systemic risks.

    Implementation Overview

    • **Phased rolloutgovernance setup, asset inventory, control design, testing, monitoring.
    • Targets MAS-supervised FIs in Singapore; scalable by size.
    • Involves audits, DR tests; no certification but evidence for inspections. (178 words)

    Key Differences

    Scope

    NIST 800-53
    20 control families for security/privacy
    MAS TRM
    Governance to cyber resilience for finance

    Industry

    NIST 800-53
    Federal, any organization worldwide
    MAS TRM
    Singapore financial institutions only

    Nature

    NIST 800-53
    Voluntary control catalog, baselines
    MAS TRM
    Supervisory guidelines, proportionate enforcement

    Testing

    NIST 800-53
    SP 800-53A procedures, continuous monitoring
    MAS TRM
    Annual PT for internet systems, cyber exercises

    Penalties

    NIST 800-53
    No direct penalties, compliance impacts
    MAS TRM
    Fines, license revocation, executive prohibitions

    Frequently Asked Questions

    Common questions about NIST 800-53 and MAS TRM

    NIST 800-53 FAQ

    MAS TRM FAQ

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