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
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
