SingHealth cyberattack: MAS orders financial institutions to tighten customer verification – Channel NewsAsia

Good pre-emptive measure to prevent possible misuse of information from the SingHealth hack.

“With immediate effect, all financial institutions should not rely solely on the types of information stolen (name, NRIC number, address, gender, race, and date of birth) for customer verification,” MAS said in a statement.

“Additional information must be used for verification before undertaking transactions for the customer. This may include, for instance, One-Time Password, PIN, biometrics, last transaction date or amount, etc.”

Source: SingHealth cyberattack: MAS orders financial institutions to tighten customer verification – Channel NewsAsia