TRENDING vulnerable to LFI attacks due to existing methods of bypassing its input filters .
• Businesses in the APAC financial services sector in APJ must continue to keep a lookout for additional regulatory oversight and new reporting obligations . For example , the rising use of third-party scripts can make it challenging for financial institutions to meet the requirements of the upcoming Payment Card Industry Data Security Standard ( PCI DSS ) v4.0 where there will be specific sections relating to client-side script visibility and management . New regulations may be increasingly enforced and businesses must ensure they take these new compliance requirements into account or risk fines or reputational damage .
“ Financial services organizations in APJ must remember that cyber criminals will always try to find new and more sophisticated ways to launch theircyberattacks as the pace of innovation in this sector increases ,” said Koh . “ The rising popularity of financial aggregators and especially those organizations keen to adopt open banking practices will mean that the industry will begin to be even more dependent on the use of APIs and third-party scripts moving forward – expanding attack surfaces even further .”
“ Financial institutions must focus on securing new digital offerings , continuously educating customers on cyber hygiene best practices and investing in frictionless security measures for users . As regulators enforce policies to strengthen cybersecurity standards , it is also important for financial services organizations to understand and account for new compliance requirements while strengthening their security posture and cyber resilience against modern cyber threats ,” he said . p
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