Mr Sim S. Lim, Singapore country manager at DBS bank, was quoted by Straits Times as saying, “Half a million (dollars) against a company that makes about $7 billion in revenue? I think we can survive.” It is precisely statements like this that provoke fraudsters to launch even more daring attacks on large institutions to take them down a peg or two. Besides, half a million dollars means a lot to many Singaporeans – let’s not trivialise their losses.
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Good point. Hackers and fraudsters will take that as a challenge!
And that was what happened to NUS. They posted a nasty comment when hackers first stole their academics’ passwords. The hackers decided to hack into the site again to punish them. I’m not saying that hacking is right. But institutions could do without the arrogance.