Financial sector urged to keep eye on cybersecurity

Singapore

EVEN as the financial sector embraces innovative fintech solutions, it should consider how it can provide the incentives and structure to keep security on the corporate and organisational agenda, a senior government official said on Thursday.

Aubeck Kam, permanent secretary at the Ministry of Communications and Information (MCI), called for a judicious balance between innovation and security: "If the fintech sector succeeds in this, then we can all look forward to a trusted, smart and secure financial sector."

Speaking at the ABS-MAS Technology Risk Conference 2016, an event under the ongoing Singapore FinTech Festival, he noted that und…