CYBERSECURITY

Standard Chartered elite customer details on alleged hacker's laptop

PUBLISHED : Saturday, 07 December, 2013, 3:58am
UPDATED : Saturday, 07 December, 2013, 3:58am
AFP

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

Police confirmed yesterday 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 had "reminded all FIs (financial institutions) to heighten their vigilance to safeguard their IT systems and customer information, including controls at third party service providers".

Police said they 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 cyberattacks 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.

Standard Chartered, whose biggest shareholder is Singapore's state investment firm Temasek Holdings, said the monthly statements of 647 private banking clients for February this year were stolen from the servers of Fuji Xerox, which it had engaged for printing services.

The bank said no unauthorised transactions resulted from the incident, and that its retail and other banking units were not affected.

The MAS said it was investigating the matter and that, while it was an "isolated case", it underscored the need for greater vigilance.

"Globally, financial institutions have been facing an increasing number and variety of cyberthreats," it said.

Singaporean lawyer M. Ravi, who is representing Raj, did not immediately comment on the matter. Raj was denied bail on Wednesday after a court ruled that he posed a flight risk.