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20 to 35% of banks' quarterly profit at risk in direct cyber attacks
Published Thu, Nov 28, 2019 · 09:50 PM
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Singapore
A FULL-BLOWN direct cyber attack on a bank would cost it between 20 and 35 per cent of its quarterly profits - even when contingency measures are in place, the latest stress test by the Monetary Authority of Singapore (MAS) has found.
The…
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