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          <lang class="3" style="Headline" font="Patrika18" fontStyle="Bold" size="15">Spooked by Bangladesh heist, Asian security summit works on cybersecurity
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          <lang class="3" style="Byline" font="Patrika18" fontStyle="Bold" size="15">REUTERS, Singapore
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      <p style=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The South China Sea dispute and worries about North Korea dominated an Asian security summit at the weekend, but cybersecurity was also in focus as regional officials sought to improve coordination amid a rise in high-profile hacks.
</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Alarmed by the theft of $81 million from Bangladesh's central bank in February, one of the world's biggest ever cyber heists, cybersecurity was among the top concerns discussed at Singapore's annual Shangri-La Dialogue. For the first time, the conference allotted one of its she special sessions to cybersecurity.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"It was indicative that cyber has converted from being a logical threat to a physical threat," said William Saito, special adviser to the Japanese</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">cabinet on IT strategy. For Japan, safeguarding critical infrastructure was imperative, especially since it is the host for the 2020 Olympics, and cybersecurity was a large part of that effort, he said. "Cyber, because it is so cross-cutting, will just make existing threats worse," Saito said.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Cybercriminals, whether from criminal gangs or rogue nations, usually operated beyond borders, the meeting was told.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"Where restrictions differ, they exploit these differences in order to take advantage of our national systems," said David Koh, chief executive of the Cyber Security Agency ofSingapore.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"We cannot defend or view cyber threats or issues within any national borders or within a regional border."</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">In the February heist, hackers stole money from Bangladesh Bank's</lang>
      </p>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">account at the New York Federal Reserve. One transfer to a Sri Lankan entity was reversed, but four transfers for $81 million went to the Philippines and wound up with casinosand casino agents there.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Most of the money remains missing and the identity of the hackers is unknown.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">India, with nearly 500 million Internet users, is preparing to set up an army of 500,000 cybersleuths within five years, a delegate from New Delhi said at the conference.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">"That can provide a bulwark for global cybersecurity efforts," said Santosh Jha, joint secretary for cyber issues at the Indian external affairs ministry. Building a transnational cybersecurity defence system is hampered by differences between countries and a lack of trust, delegates said.</lang>
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