scbAccording to the Straits Times, almost 650 private banking clients monthly banking statement had been illegally accessed.the the month of February this year. The police uncovered the files in their investigation of a hacking incident after seizing James Raj’s laptop in November. They were found in his notebook.

The police alerted the bank and the Monetary Authority of Singapore. Stanchart lodged a police report on Monday.

The theft of the Stanchart banking statements did not occur through the bank’s IT and data security systems, said the bank’s chief executive for Singapore, Mr Ray Ferguson, at a media briefing. The statements were stolen from a 3rd party service provider – Fuji Xerox, which had been hired to print bank statements for Stanchart’s private bank clients.

No clients from Stanchart’s other banking divisions – including retail, wholesale and small- and medium-sized enterprises banking – were affected.

What would you do to secure your transactions with banks ? Discuss.



By Harry