Will cybersecurity blunders hurt chances of digibank hopefuls?
Digibanks offer more complex digital products so the 'attack surface' is far wider, says a CTO; every innovation or additional service within a digital bank increases this attack surface
Add BT as a preferred source
Singapore
THE data privacy lapses at Razer and Grab that recently came to light raise questions about how ready digital bank hopefuls are in tackling banking's stringent security demands.
With consumers' most sensitive data at stake, banks are governed by security regulations far stricter and more specific than what other companies are used to. Digital bank hopefuls failing to understand and adjust to these new standards could put a dent in their own ambitions, observers said.
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Family businesses fail when members overstep their roles
