, Columnist
Singapore Data Breach Could Damage Banks’ Health
If the fallout slows their digital push, shareholder returns may suffer.
Humans may have a future, at DBS and other banks, in light of Singapore’s data breach.
Photographer: Munshi Ahmed/Bloomberg
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Singapore’s banks should watch the fallout from the island’s healthcare-data breach. This could get ugly for them.
The National Electronic Health Record project is taking a pause after hackers stole data on 1.5 million patients including Prime Minister Lee Hsien Loong, who was “specifically and repeatedly” targeted. (While mandatory contribution of data to the NEHR has been suspended, the project remains available for access pending a committee of inquiry into the cyber attack.)