New transaction signing token will cost six largest Singapore banks more than $50m
Banks are convinced that commercial risk-reward trade-offs and customer inconvenience do not fully justify the new transaction signing token for e-banking.
Dec 20, 2012 | Research
Online banking platforms of commercial banks handle millions of transactions every month. In mature markets such as Hong Kong and Singapore, more than 50% of all retail transactions are conducted through…
Categories: Internet Banking, Operational Risk & Security, Regulation, Retail Banking, Retail Payments, Risk and Regulation, Technology & Operations
Keywords: Man in the Middle Attack, DDoS, HKMA, MAS, NAF, Assurity, HSBC, 2FA, Standard Chartered Bank, RHB, Assurity