An organisation’s cyber resilience is only as strong as its supply chains. Here’s how to protect them.
DBS Bank and Bank of China’s Singapore branch disclosed this week that some customer information was potentially compromised after a ransomware attack on their printing vendor, Toppan Next Tech (TNT).
The exposed data includes customer names, addresses, details of DBS Vickers equities and cashline loans, and some BOC loan account numbers. DBS assured that its core IT systems were unaffected and customer deposits remain secure.
Investigations are still ongoing but this incident serves as a reminder to all organisations to scrutinise their vendors and other third-party business partners closely.
“A contracting company often lacks the visibility and control required to ensure an effective cybersecurity posture in place. While there may be contractual obligations, and possibly annual audits, these do not provide operational real-time monitoring of the security practices in place,” says Tony Anscombe, chief security evangelist at ESET.
William Oh, SVP, head of Asia Pacific, BlueVoyant, adds: “This data breach incident is only one addition to a growing list of significant…
