Singapore banks told to boost security after StanChart data theft

Singapore banks told to boost security after StanChart data theft
Above: Standard Chartered revealed on Thursday evening it had lodged a police report after discovering that 650 of its private banking clients had their passwords stolen. It is also known that the passwords were found on the laptop of the self-styled "The Messiah" Inset: James Raj Arokiasamy, who identified himself as "The Messiah"

SINGAPORE - Singapore's central bank has called on financial institutions to tighten up cyber security after a database on elite customers of Standard Chartered Bank was compromised.

Police confirmed Friday that information on private-banking clients of the British lender had been found in the laptop of a Singaporean man charged with hacking the parliamentary district website of Prime Minister Lee Hsien Loong.

The Monetary Authority of Singapore (MAS) said in a statement it has "reminded all FIs (financial institutions) to heighten their vigilance to safeguard their IT systems and customer information, including controls at third party service providers".

"MAS is paying special supervisory attention to FIs' compliance with MAS' requirements for IT outsourcing."

In a statement sent to AFP on Friday, the Singapore Police Force said it discovered files containing data on Standard Chartered's clients in a laptop seized from James Raj when he was arrested on November 4 in Malaysia.

The 35-year-old was extradited to Singapore and charged on November 12 with hacking the Ang Mo Kio district website, whose MPs include Lee, and posting the image of a Guy Fawkes mask used by international hacker group Anonymous.

The alleged hacking was among a string of cyber attacks that have also targeted the official websites of Lee and President Tony Tan as well as pro-government media.

Some of the attackers denounced new rules requiring news websites in Singapore to obtain annual publication licences, but other hacking incidents appear to be unrelated.

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