Standard Chartered (2888)

[CityFarmer]

Standard Chartered private bank clients have good reason to feel unhappy. Their bank statements were stolen unknowingly, till the bank be informed by outsider. How many more are stolen might be still a question remain unanswered...

Standard Chartered clients’ monthly bank statements stolen

SINGAPORE — Nearly 650 Standard Chartered Private Bank clients’ monthly bank statement for February have been stolen, the bank said today (Dec 5).

The bank, which was alerted to the theft by the police, said its investigations showed the theft occurred through one of the servers of a third party service provider, Fuji Xerox Singapore, which the bank engaged to print bank statements for its Private Bank clients. It did not occur through the bank’s IT and data security systems, said Standard Chartered.

Standard Chartered said that the 647 affected clients had not found any unauthorised transactions resulting from this incident. “As a precautionary measure, the bank is contacting its affected Private Bank clients. No Wholesale Banking clients, SME and retail customers are affected,” said the bank.
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http://www.todayonline.com/singapore/sta...ent-stolen

Latest update on the incident

MAS takes supervisory action against StanChart for statement theft

SINGAPORE — The Monetary Authority of Singapore (MAS) has taken “appropriate supervisory action” against Standard Chartered Bank (StanChart) for last year’s theft of bank statements belonging to 647 of its private banking clients.

However, in the central bank’s response to media queries yesterday, it did not disclose the details of its action against StanChart.

“The MAS generally does not disclose details of its supervisory actions,” it said.
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http://www.todayonline.com/singapore/mas...ment-theft