Skip to main content

Asian Banks Warned of New Phishing Attacks

posted onOctober 17, 2007
by hitbsecnews

ASIAN BANKS have been warned they could be the next targets of major ­phishing attacks and intrusions by hacking gangs, which have focused on European financial institutions in recent months.

The warning has been given by the Monetary Authority of Singapore’s ­director, technology risk supervision, Tony Chew, during an address to the American Chamber of Commerce luncheon in Singapore entitled ‘Effective Strategies for Internet Banking Security – Online Risk Mitigation’.

Chew highlighted the success of two factor authentication (2FA) – involving consumers using electronic token to generate random access codes - which the Singapore Government and some major banks had introduced to increase ­security and consumer confidence when they access bank websites for investment, ­business and personal banking transactions.

Source

Tags

Industry News

You May Also Like

Recent News

Friday, November 29th

Tuesday, November 19th

Friday, November 8th

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Simplenews subscription

Stay informed - subscribe to our newsletter.
The subscriber's email address.
Keeping Knowledge Free for Over a Decade

Copyright © 2018 Hack In The Box. All rights reserved.

36th Floor, Menara Maxis, Kuala Lumpur City Centre 50088 Kuala Lumpur Malaysia
Tel: +603-2615-7299 Fax: +603-2615-0088