Standard Chartered bank data stolen in Singapore

Reading Time: 1 minute

standard-charteredBank statements of around 650 private banking clients of Standard Chartered have been found on the laptop of an alleged website hacker in Singapore, police and the bank said on December 5, according to media reports.

Standard Chartered said the February 2013 monthly statements were stolen, taken from the server of Fuji Xerox which provides printing services to the bank.

“The confidentiality and privacy of our clients are of paramount importance to us, and we take this incident very seriously,” said Ray Ferguson, chief executive of Standard Chartered Singapore in a statement.

Singapore Police Force said the data was found on a laptop belonging to James Raj Arokiasamy. Raj is currently in custody in Singapore after he was charged last month under cyber security rules for allegedly hacking into a local government website using the moniker “The Messiah”.

The Monetary Authority of Singapore (MAS) said it was aware of the matter and investigating.

“We will review an investigation report and consider if regulatory action against the bank is warranted,” the central bank said in a statement, adding that it believed the incident was an isolated case but said it had reminded all financial institutions to safeguard their IT systems and customer information.

Standard Chartered said it had not found any evidence that unauthorised transactions had resulted from the incident and that it was contacting the clients whose statements were taken. It added that customers from its retail and other banking units had not been affected.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Bank statements of around 650 private banking clients of Standard Chartered have been found on the laptop of an alleged website hacker in Singapore, police and the bank said on December 5, according to media reports.

Reading Time: 1 minute

standard-charteredBank statements of around 650 private banking clients of Standard Chartered have been found on the laptop of an alleged website hacker in Singapore, police and the bank said on December 5, according to media reports.

Standard Chartered said the February 2013 monthly statements were stolen, taken from the server of Fuji Xerox which provides printing services to the bank.

“The confidentiality and privacy of our clients are of paramount importance to us, and we take this incident very seriously,” said Ray Ferguson, chief executive of Standard Chartered Singapore in a statement.

Singapore Police Force said the data was found on a laptop belonging to James Raj Arokiasamy. Raj is currently in custody in Singapore after he was charged last month under cyber security rules for allegedly hacking into a local government website using the moniker “The Messiah”.

The Monetary Authority of Singapore (MAS) said it was aware of the matter and investigating.

“We will review an investigation report and consider if regulatory action against the bank is warranted,” the central bank said in a statement, adding that it believed the incident was an isolated case but said it had reminded all financial institutions to safeguard their IT systems and customer information.

Standard Chartered said it had not found any evidence that unauthorised transactions had resulted from the incident and that it was contacting the clients whose statements were taken. It added that customers from its retail and other banking units had not been affected.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid