SINGAPORE - A cyber attack on financial institutions could undermine consumer confidence and spark a run on the banks, warned a new report.
It noted that the level of confidence in the financial system is a significant factor in determining whether such an attack would lead to wider systemic problems.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
