Asia learning to fight hackers

Banks must band together to identify and block sophisticated cyber attacks, writes Mark Clancy, CEO of Soltra. Cybersecurity issues to figure in Xi Jinping's state visit to the US on Thursday.

Cyber criminals often have the advantage over banks.

The reason why is due to a serious imbalance between the cost of launching cyber attacks and the cost of defending against them.

A cyber criminal sitting alone in Hong Kong could render the website of a bank or securities exchange useless by flooding it with traffic.

The threat has reached such proportions that is now a regular feature of negotiations between the US and China. Cyber security will be one of the issues discussed during president Xi Jinping's state visit to Washington on Thursday, US State Department spokesman John Kirby said at a briefing on...

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