IT security professionals in the sector who are now earning around $75,000 to $180,000 a year could be able to command a hike of up to 30% in their pay amidst the heated demand for their pack.
Making the digital shift welcomed many opportunities for banks but have also paved way for fraud-related activities to expand their scope. Singapore banks have acknowledged that they need to rev up their talent pool through hiring more professionals as well as upskilling their existing workforce.
The Singapore Police Force (SPF) has warned the public about phishing schemes that pretended to be banks through disguising websites or scams made through text messages that were purportedly from DBS or OCBC.
“The phishing attacks come by way of SMSes or emails purportedly from banks to request the recipient to update personal particulars to get access to bank account details, banking user names and passwords,” Joanne Wong, Senior Regional Director for Asia Pacific & Japan at security intelligence firm LogRhythm told Singapore Business Review. “Once successfully obtained, these personal information can be used to access the victim’s bank accounts for theft or conduct fraudulent…
