Singapore banks ramp up cyber scenario analysis

StanChart building out scenario library as dealers up use of technique to gauge spending on defences

Scenario planning analysis

Consumer data is hot property in Singapore – hackers are after it and banks are huge holders of it. And after last year’s major data breaches impacting the country’s healthcare sector, a successful data heist affecting financial firms is seen as only a matter of time: a poll of attendees at Risk.net’s OpRisk Asia conference yesterday (May 29) found 88% believed breaches at banks were inevitable.

If a successful attack is a given, one technique banks can use to gauge how bad the consequences

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