The Financial Supervisory Commission (FSC) is planning to introduce Western-style training to enhance the finance industry’s ability to prevent fraud. That’s the word from former FSC Chairman Tseng Ming-chung on Monday.
On July 9-10, three suspects stole over NT$80 million (US$2.53 million) from First Bank ATM’s. Police have since apprehended the suspects.
Tseng said that the FSC is planning to use drills that are similar to those employed in the banks of the US and UK in order to train security personnel.
"Foreign nations have implemented [security exercises for their banks], and so will we. The exercises consist of drills that help prevent information security threats. They include questions that help trainees detect fraud suspects’ methods in various scenarios, and practice the counter-measures that they can deploy," Tseng said. "These measures must be established. We didn’t have them in the past. Now we must establish them via exercises."
Tseng also said that the different banks should establish a platform to more efficiently share security-related information. Tseng said that the First Bank case has shown that information attacks on banks are well-organized, and that the Cabinet must establish a coherent set of security measures.