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Standard Chartered Says Bank Client Data Stolen in Singapore
From: InfoSec News <alerts () infosecnews org>
Date: Fri, 6 Dec 2013 06:08:48 +0000 (UTC)
By Sharon Chen & Jasmine Ng
Dec 5, 2013
Standard Chartered Plc (STAN) said data from some of its private banking
clients were stolen in Singapore after the city-state’s police found bank
statements on a laptop seized from an alleged hacker.
The monthly statements of 647 clients for February 2013 were stolen from
Fuji Xerox Co., which prints them for the bank, according to a statement
from Standard Chartered and Fuji Xerox yesterday. The bank is contacting
the affected clients and hasn’t found any unauthorized transactions
resulting from the incident, according to the statement.
“We don’t think it will affect” Singapore’s efforts to develop its
wealth-management industry, said Song Seng Wun, an economist at CIMB Group
Holdings Bhd. (CIMB) in Singapore. “It shouldn’t be allowed to repeat, or
else that could put at risk the reputation of the system, especially when
we have so many cities around that are trying to emulate” the financial
The Monetary Authority of Singapore yesterday said it is “actively
engaging” Standard Chartered on the theft of client data. It said it will
review Standard Chartered’s investigation report and consider whether
regulatory action is warranted.
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- Standard Chartered Says Bank Client Data Stolen in Singapore InfoSec News (Dec 06)