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Cybersecurity breaches highlight risks of centralised data stores

lock, protection, data

Recent incidents of cybersecurity breaches have highlighted the risks financial institutions (FIs) face by storing data centrally, according to a fintech expert at the FinTech Security Conference held in Hong Kong. As the frequency of financial transactions grows given rapid technological developments, both Hong Kong and Singapore regulators are increasingly recognising the importance of cybersecurity and, as such, have published guidance around…

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