Asia’s banks at risk from cyber security shortfall

Cyber attacks are rife and worse for smaller financial institutions due to a lack of a local skilled workforce

by Kimberley Long

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Asia’s banks at risk from cyber security shortfall

Image: Witthaya Prasongsin/Getty Images

Banks in Asia are struggling with an increased number of cyber attacks, a problem exacerbated by a lack of adequately trained industry professionals to protect banking services from cyber crime, according to experts.

They note there is a need for an industry-wide approach to ensuring that there are enough skilled workers in the right roles, and for banks to be proactive in ensuring they have staff with the right skills on their teams.

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Kimberley Long

Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.