OpRisk Asia: Companies must keep IT up to date

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Rapidly evolving online threats may be outmanoeuvring many banks' defences, leaving them vulnerable, warned speakers at the OpRisk Asia conference in Singapore today.

"We like to talk about advanced persistent threats (APT) in IT security, but there is nothing advanced about many APTs – it's just a case of basic operational controls that should have been in place," said Martin Leo, head of non-financial risk management at ING Investment Management in Singapore. He added that bank operations also

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