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
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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
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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
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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).
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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
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Combating Fraud While Creating a Frictionless Payment Experience
Online shopping, which was already experiencing massive surges prior to the pandemic, added hundreds of millions more e-commerce customers over the last two years, as both merchants and buyers pivoted online to survive while social distancing. A Google-Bain report found
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Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World
The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been thrust into a world of remote processes, and the need for technology that enables business continuity has never been higher.
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ForgeRock Redesigns Authenticator App for Enhanced User Experience
ForgeRock, an identity and access management software company, announced the availability of its next-generation Authenticator App. The redesigned app is said to offer a quicker and simpler login process and provides improved navigation, in addition to new biometric lock options
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Fraud Prevention Firm SEON Raises US$94 Million Series B
SEON, a London-based startup that powers online fraud prevention, announced that it has raised US$94 million in Series B funding. The round was led by Silicon Valley-based IVP with participation from existing investors Creandum and PortfoLion, as well as, angel
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Here Are 5 Cloud Security Predictions for 2022
Before COVID-19, businesses were already moving to the cloud, but with the pandemic forcing companies to turn to remote work, adoption of cloud computing has accelerated these past couple of years. 90% of the 2,800+ executives that were polled last
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