Cybersecurity in finance key to Smart Nation drive, says MAS

June 29, 2015The financial sector is well-placed to play a leading role in Singapore’s Smart Nation drive, but the first priority lies in continually fortifying the industry’s cybersecurity, Monetary Authority of Singapore’s (MAS) managing director Ravi Menon said today (June 29).

“As more financial services are delivered over the Internet, the frequency, scale and complexity of cyberattacks on financial institutions have increased globally. Hackers and cyber criminals are constantly probing IT systems for weaknesses to exploit,” he said in his keynote address at the Global Technology Law Conference 2015.

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