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Security

eKYC Firm Jumio Records Its Highest Sales Quarter Ever

Jumio, a provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, announced the highest sales of any quarter in the company’s history. The firm said that this was fueled by an “ongoing need for modern enterprises across all industries

Security

ForgeRock: Phishing Scams Were the Biggest Contributor to Singapore’s Cyber Attacks

ForgeRock, an identity and access management software company, found that Singapore had witnessed a 43% increase in cybercrime year over year according to the findings from its 2022 Consumer Identity Breach Report, The report noted that the largest contributing factor to

Security

Okta Names Ben Goodman as SVP and General Manager for APAC

Okta, a publicly traded identity and access management firm, announced that it has appointed IT industry veteran and senior business executive Ben Goodman as SVP and General Manager for Asia Pacific (APAC). Goodman will preside over Okta’s entire business operations

Regtech Security

Advance Intelligence Group Acquires eKYB Firm Jewel Paymentech

Advance Intelligence Group, a Singapore-based AI-driven technology company, announced its acquisition of Jewel Paymentech which specialises in merchant due diligence, fraud and risk management solutions for the financial services and payments industry. Details of the deals was not disclosed. The

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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory

Security

Experian Says 25% Of Consumers Were Victims of Online Fraud in Asia Pacific

Consumer financial data service provider Experian found that a quarter of consumers across Asia Pacific (APAC) have been victims of online fraud, but across all markets surveyed in the region, many remain unconcerned about fraud and identity theft amidst today’s

Security

Singapore and French Regulators Carry Out Joint Cyber Crisis Exercise

The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) had carried out a joint crisis management exercise focused on cybersecurity threats. Backed by the Banque de France, ACPR

Security

MAS Beefs up Guidelines to Strengthen Banks Against Service Disruptions

The Monetary Authority of Singapore (MAS) has issued revised guidelines on Business Continuity Management (BCM) for financial institutions (FIs). The move aims to help FIs strengthen their resilience against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical

Security

Emergency “Kill Switch” Among Security Measures Pushed by MAS to Combat Fraud

An emergency self-service “kill switch” to suspend their bank accounts quickly if it has been compromised are among the additional measures that are being pushed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).

Security

Security Becomes Top Concern for FSI Leaders as Cyber Attacks Become More Sophisticated

In the finance sector, security has become a top-of-mind issue for business leaders as the number of cyberattacks skyrockets and campaigns become more sophisticated. This is according to findings from a new survey conducted by cloud computing firm VMware. The