Financial institutions (FIs) and telecommunication companies (telcos) are expected to bear the full loss, if they fail to…
Security
Singapore banks have prevented and recovered over S$57.6 million in scams in the first nine months of 2023,…
Jumio, a provider of identity verification and fraud prevention solutions, has announced the launch of Jumio 360° Fraud…
A recent survey by Revolut, a global neobank with over 35 million customers worldwide, found that over 20%…
Identity verification firm Sumsub has released a new tool called For Fake’s Sake to help people to detect…
Google has unveiled a series of initiatives at their annual “Google For India” event including bridging the credit…
Revolut, a global neobank with over 35 million customers worldwide, has doubled its financial crime headcount since 2021,…
In the midst of a digital revolution sweeping through Asia Pacific, the region finds itself on the cusp…
Alvin Tan, Minister of State at the Ministry of Trade and Industry, shot down the proposal for banks…
Major retail banks in Singapore have stepped up their security measures to protect customers from malware scams, the…
OCBC’s anti-malware security feature has prevented scammers from stealing more than S$2 million from more than 30 customers…
Fintech innovation has driven economic growth, revolutionising financial services and bringing new solutions to meet evolving needs. Amid…
In 2022, digital fraud experienced a significant increase compared to 2021, with the global attack rate escalating by…
As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and…
Money and crime have coexisted forever. Robbing a bank is the ultimate staple for robberies since it always…
Mastercard has expanded its partnership with end-to-end payment fraud protection platform Vesta in a bid to protect e-commerce…
The Singapore parliament has passed the Monetary Authority of Singapore’s (MAS) bill to establish the COSMIC platform. COSMIC…
The US Department of the Treasury (Treasury) and the Monetary Authority of Singapore (MAS) recently concluded a cross-border…
Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie…
In 2022, cybercriminals became more methodical and innovative in their tactics, reviving old methods, introducing new advanced attack…