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MAS FINANCIAL STABILITY REVIEW

20 to 35% of banks' quarterly profit at risk in direct cyber attacks

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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.

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 cost for this worst-case scenario...

sentifi.com

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