Singapore's Open Banking ChallengesCybersecurity Practitioner Tom Wills on the Need for Collaboration and Threat Intel Sharing
Singapore's open banking effort, which enables third-party platform providers to access customer banking data, has expanded the attack surface. And the only effective defense is to enhance threat intelligence sharing among banks, retailers and third parties, says Tom Wills, a Singapore-based cybersecurity practitioner who is a consultant for the financial institutions.
In a video interview with Information Security Media Group, he offers insights on:
- The effect of COVID-19 on digital transaction security;
- Technologies that are key in addressing open banking risks;
- Use of authentication and biometrics in addressing security risks.
Wills is a a fintech architect and strategist specializing in payments, security and digital identity. For over two decades, he has guided organizations such as Visa, Bank of America, Wells Fargo Bank, UnionBank of the Philippines, VeriFone, Intuit, Richemont, Ping Identity, and startups in building and securing their digital platforms