Fend off cyber thieves with blockchain tech
This technology may help firms protect transactions, facilitate counterparty validation and mitigate traditional cyber problems.
MANY organisations could do more to detect and ward off the ever-evolving threat of business disruption and data loss resulting from cyber attacks, say observers.
"Most company boards in Singapore have not deemed cyber security as a high priority," said Lionel Tan, partner for technology, media & telecommunications & intellectual property, at law firm Rajah and Tann.
As such, companies may not be adequately prepared to deal with the situation should a significant cyber breach occur, which may result in a loss of confidential information, personal data or even money.
This could also result in significant da…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration
Deutsche Bank has cut dozens in Asia private banking overhaul
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece