Financial sector urged to keep eye on cybersecurity
MCI perm sec calls for balance between between innovation and security
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."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japan frets over relentless yen slide as BOJ keeps ultra-low rates
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Five new charges for money laundering accused Zhang Ruijin before his plead guilty mention
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision
Basel Committee adds climate risks to banking supervision standards