Chief Security Architect
Tony Chew has recently joined V-KEY as its Chief Security Architect. Formerly from March 2014 - March 2017 he held the position of APAC Regional Head of Information Security at Citibank.
Tony began his professional career as a Chartered Accountant in Australia, specialising in financial accounting, computer auditing and information systems consulting. He has held various senior management roles in the public accounting profession, the banking industry and private sector, including the position of Chief Internal Auditor at the Advance Bank, Head of Internal Audit at the State Bank of New South Wales and Financial Controller of a property development company, all in Sydney, Australia.
As part of his academic pursuits, he also taught at the National University of Singapore as adjunct associate professor from 2005 - 2009 and at the University of Technology, Sydney as a part-time lecturer in various subjects such as computer auditing, cybersecurity, risk management, practical cryptography, investment analysis and financial accounting at undergraduate and post-graduate levels.
He joined the Monetary Authority of Singapore (MAS) in 1999 to head up the Technology Risk Supervision Division. His responsibilities included the development of strategies, programs, standards and guidelines for the purpose of regulating and supervising financial institutions in respect of technology risk management requirements and information security processes. He managed and led a team of technology risk specialists in carrying out onsite inspections and offsite reviews to monitor the technology risk management capabilities and the effectiveness of information systems security practices prevailing in the financial sector.
In addition to accountancy and audit qualifications, Tony has a bachelor's degree in commerce from the University of New South Wales as well as a graduate diploma in data processing and a master's degree in business applied finance from the University of Technology, Sydney. He is a Chartered Accountant (as a fellow of the Institute of Chartered Accountants in Australia) and also a Certified Information Systems Auditor.
Controlling your Banking and Payments Systems - Top Security Measures
Access to banking and payment systems has become increasingly dependent upon internet and wifi connectivity, computer networks, interconnected digital devices, websites, shared gateways, smartphones, self-service kiosks and online systems. We need to understand the cyber threat and risk landscape in order to defend and protect our financial services critical infrastructures and digital assets. As cyber attacks and online incursions are becoming more ominous and widespread, involving fraud, espionage and sabotage, the cyber threats can take on a myriad of dimensions and dynamics. Banks and other financial institutions, governments and regulators should formulate new strategies and measures to enhance online authentication security, monitoring and systems controls. Cyber attacks are amorphous, omnipresent and omnipotent. They are devoid of territorial boundaries. Cybersecurity initiatives and efforts will require global, regional, regulatory and industry-wide collaboration and coordination in order to be successful and effective in deploying cybersecurity countermeasures, defense, protection, detection and response.