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Home News Catch-Up Data Security 20-65% of banks' quarterly profit at risk from full-blown direct cyberattacks: MAS study - The Business Times
20-65% of banks' quarterly profit at risk from full-blown direct cyberattacks: MAS study - The Business Times
Friday, 29 November 2019 00:00
20-65% of banks' quarterly profit at risk from full-blown direct cyberattacks: MAS study  The Business Times

A FULL-BLOWN direct cyberattack on a bank would cost it 20-35 per cent of quarterly profits, even when contingency measures are in place, the latest stress test by the Monetary Authority of Singapore (MAS) showed...

 

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