Banks in Singapore are increasingly being targeted by cybercriminals, experts said, given the growing sophistication of the dark web that has developed into a bustling marketplace for malware, complete with money-back guarantees.
While other financial centres – and certainly non-financial corporations – are also at risk, Singapore stands out as a significant number of banking customers read Chinese, and that, according to IBM, has made it more vulnerable to the rising Chinese-language hacks on the dark web.
“Tech-savvy consumers in Singapore are getting more and more reliant on mobile and online banking services but continue to be unaware of evolving cyber threats and risks,” said Vincent Loy, Asia Pacific financial crime and cyber leader, PwC Singapore. “As one of the top financial centres in the world, Singapore banks will continue to face the risk of being more vulnerable, as technologies continue to evolve to keep pace with business and consumer needs.” For the full article click here
from cyber security caucus http://ift.tt/1Nia5UR
via IFTTT
No comments:
Post a Comment