Security

Over 200 DBS Customers Lose S$446K This Year to Sophisticated Phishing Scams

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement

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TOPPAN IDGATE Boosts Trust With Digital Identity Solutions for Banks

Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we navigate this evolving landscape, staying up to date with trends becomes important. The

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Singapore’s ‘Money Lock’ Safeguards S$3.2 Billion Across 38,000 Bank Accounts

Since its introduction its in November, Singapore’s “Money Lock” feature has been activated on approximately 38,000 account holders, with over S$3.2 billion of savings set aside. This security measure allows customers to isolate a portion of their funds, making them

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Qashier’s New Sound Box Emits Instant Audio Alerts for Secure QR Payments

Singapore-based fintech startup Qashier has launched the QashierPay Soundbox, a new QR payment terminal designed to enhance digital payment security. This device features real-time auditory alerts, notifying merchants immediately upon successful transactions and is aimed at businesses with fast-paced and

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Wallex Partners iPiD to Protect Businesses from Payment Fraud

Wallex, an FX and payments specialist for B2B companies transacting in Asia, and International Payments Identity (iPiD) have announced a strategic partnership. Through this collaboration, iPiD will focus on providing comprehensive user verification and effective fraud prevention solutions, aiming to bolster

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A Third of 2023 Crypto Hacks Traces Back to North Korea, Says TRM Labs

A recent report by blockchain intelligence company TRM Labs reveals a concerning trend of crypto hacks by North Korea, who stole at least US$600 million in cryptocurrency in 2023. This figure might even reach around US$700 million if additional crypto

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All I Really Need to Know About Cyber Security, I Learned in Kindergarten

I’m often asked which of the latest headline-making technologies should organisations be concerned about? Or what are the biggest threats or security gaps causing IT and security teams to lose sleep at night? Is it the latest AI technology? Triple

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Crypto Hack Volumes Slashed by 50% in 2023, Says TRM Labs

There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the previous year, according to research conducted by blockchain intelligence company TRM Labs. While the number of hacking incidents remained relatively

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Swift Invites Fintech Pioneers to Join AI-Based Cross-Border Innovation Challenge

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The challenge arises from

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ISC2 SECURE Asia Pacific Kicks off Today to Tackle Region’s Cybersecurity Challenges

The ISC2 SECURE Asia Pacific 2023 kicks off today at the Marina Bay Sands Convention Centre in Singapore. Organized by ISC2, a global leader in certified cybersecurity professional networks, the event is set to tackle pressing cybersecurity challenges in the

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