Security
Ransomware, Wiper, Botnet Attacks Are on the Rise Warns Fortinet
In 2022, cybercriminals became more methodical and innovative in their tactics, reviving old methods, introducing new advanced attack techniques, and continually coming up with more sophisticated ways to infiltrate networks, according to a new report by American cybersecurity firm Fortinet.
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Webinar: Developing a Strong Digital Fraud Detection Strategy in 2023
With over 41% of the top 100 global fintech innovators originating with the region, it comes as no surprise that APAC is home to the highest growing fintech industry in the world. Unfortunately, with this proliferation and growth comes a
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MAS to Enhance Security Measures to Prevent Cross-Border Payment Scams
The Monetary Authority of Singapore (MAS) said that it is working actively to review and enhance the suite of anti-scam measures in light of the launch of the real-time cross-border retail payment linkages, in a written reply to a parliamentary
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Mastercard, Vesta to Offer Fraud Management Solutions for APAC Merchants
Mastercard and end-to-end fraud protection platform Vesta has partnered to provide fraud management solutions for merchants in the Asia Pacific region. The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee
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7 Ransomware Prevention Tips for Small Businesses
Ransomware isn’t just something that “other” businesses deal with. If you aren’t careful, it can become something that tears your business apart from the inside out. That’s not meant to scare you, but it should wake you up to the
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Okta Names Neville Vincent as Vice President for Asia
Okta, a publicly traded identity and access management firm, has appointed information technology industry veteran Neville Vincent as Vice President for Asia. In his new role, Vincent will oversee Okta’s business operations, deepen partner links, and lead the company’s expansion
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MSIG Singapore to Deploy Fermion’s AI Tool to Combat Motor Insurance Fraud
General insurer MSIG Singapore has partnered with insurance ecosystem builder Fermion to combat motor insurance fraud through the use of an advanced artificial intelligence tool, TrueSight Fraud Intelligence. MSIG said in a statement that it will be able to rapidly
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The Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
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Vesta Closes US$25 Million Term Loan From Runway Growth Capital
Vesta, an end-to-end fraud prevention platform for digital purchases, has closed a senior secured term loan of US$25 million from Runway Growth Capital LLC. The company said that the non-dilutive financing will provide it with additional working capital to support
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Ensuring a Strong Digital Fraud Detection Strategy in 2023
Data management platform Demyst and global identity verification solution provider Ekata invite you to partake in an intimate and interactive webinar this February 9th from the comfort of your desktop. Together, Nicholas Stipp, APAC VP, Ekata, and Scott Albin, International
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