For subscribers
Confidence in banks and financial systems post-cyber attack key to financial stability: MAS
Sign up now: Get ST's newsletters delivered to your inbox
Cyber threats are constantly changing and the perpetrators' motivations will continue to evolve, the Monetary Authority of Singapore said in a new report.
PHOTO: ST FILE
Follow topic:
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.
