Standard Chartered Says Bank Client Data Stolen in Singapore

[InfoSec News <alerts () infosecnews org>]

http://www.bloomberg.com/news/2013-12-05/standard-chartered-says-client-banking-data-stolen-in-singapore.html

By Sharon Chen & Jasmine Ng
Bloomberg.com
Dec 5, 2013

Standard Chartered Plc (STAN) said data from some of its private banking 
clients were stolen in Singapore after the city-state’s police found bank 
statements on a laptop seized from an alleged hacker.

The monthly statements of 647 clients for February 2013 were stolen from 
Fuji Xerox Co., which prints them for the bank, according to a statement 
from Standard Chartered and Fuji Xerox yesterday. The bank is contacting 
the affected clients and hasn’t found any unauthorized transactions 
resulting from the incident, according to the statement.

“We don’t think it will affect” Singapore’s efforts to develop its 
wealth-management industry, said Song Seng Wun, an economist at CIMB Group 
Holdings Bhd. (CIMB) in Singapore. “It shouldn’t be allowed to repeat, or 
else that could put at risk the reputation of the system, especially when 
we have so many cities around that are trying to emulate” the financial 
hub.

The Monetary Authority of Singapore yesterday said it is “actively 
engaging” Standard Chartered on the theft of client data. It said it will 
review Standard Chartered’s investigation report and consider whether 
regulatory action is warranted.

[...]

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