Are your IT controls truly adequate?
All board members should be equipped to understand and deal with data security risks. By Gerard Tan
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HARDLY a week passes without a media report on a data security breach somewhere in the world. Singapore is not spared.
In June, the Infocomm Development Authority (IDA) made public the fact that 1,560 SingPass accounts (used for online government transactions) may have been compromised. Subsequently, it reported that three of those accounts were used to make six fraudulent work pass applications.
Not too long before that, there were media reports of the theft of bank statements of 647 wealthy clients of Standard Chartered Bank, the defacement of the Istana website, and the hacking of the Prime Minister's Office website.
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