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SINGAPORE – Critical security flaws have been discovered in Microsoft Windows operating systems affecting millions of machines running on them, prompting the Monetary Authority of Singapore (MAS) to issue an alert on Wednesday (Jan 15) and another one on Friday (Jan 17).
“These vulnerabilities could allow malicious files or applications to bypass detection from security applications and gain control of the computer systems,” said the MAS on Friday (Jan 17) in a statement.
This could lead to unauthorised financial transactions and data alterations, among other fraudulent activities.
“MAS will continue working closely with financial institutions to monitor the cybersecurity developments and ensure that IT systems in the financial sector are safeguarded and remain resilient against cyber threats,” according to the MAS, urging financial institutions to install software patches which are already available.
Affected Microsoft products include Windows 10 and several versions of Windows Server from 2008 to 2019.
The Cyber Security Agency of Singapore (CSA) classified the flaws as “highly critical and require immediate prioritisation”.
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