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MAS urges financial institutions to remain vigilant against cybersecurity threats

Fintech

MAS urges financial institutions to remain vigilant against cybersecurity threats

Stanislaus Jude Chan Published on Fri, Apr 06, 2018 / 5:12 PM GMT+8

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SINGAPORE (Apr 6): The Monetary Authority of Singapore (MAS) has issued an advisory to remind financial institutions to remain vigilant against cybersecurity threats, following recent reports of cyber incidents overseas.

Malaysia’s central bank last week revealed it had foiled attempts by attackers who sent fraudulent messages to transfer funds via the SWIFT transactions platform.

Bank Negara Malaysia said no funds were lost in the incident.

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