Anti-Phishing, DMARC , Critical Infrastructure Security , Endpoint Security

Singapore's Open Banking Challenges

Cybersecurity Practitioner Tom Wills on the Need for Collaboration and Threat Intel Sharing
Cybersecurity consultant Tom Wills

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.

See Also: Account Takeover Fraud How to Protect Your Customers and Business

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


About the Author

Geetha Nandikotkur

Geetha Nandikotkur

Managing Editor, Asia & the Middle East, ISMG

Nandikotkur is an award-winning journalist with over 20 years' experience in newspapers, audio-visual media, magazines and research. She has an understanding of technology and business journalism, and has moderated several roundtables and conferences, in addition to leading mentoring programs for the IT community. Prior to joining ISMG, Nandikotkur worked for 9.9 Media as a Group Editor for CIO & Leader, IT Next and CSO Forum.




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