DBS CEO: Cyberattacks Top Banking Fears

DBS CEO Tan Su Shan highlights the escalating threat of cyberattacks as the primary concern for bank leaders, likening it to a new battlefield. DBS combats this by maintaining a trust nothing attitude, conducting constant stress tests, and fostering a culture of paranoia. AI, while beneficial, also escalates risks, prompting the need for robust guardrails around customer data and core systems. Tan emphasizes the importance of data rules and preparing for the worst with solid playbooks to ensure bank resilience. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6ecba9c4e3057d43