Security

Kaspersky: Southeast Asia Saw More Phishing Attacks in 1H 2022 Than All of 2021

Cybersecurity company Kaspersky said that its anti-phishing system blocked a total of 12,127,692 malicious links in Southeast Asia in the first half of 2022 — exceeding last year’s total by over a million in just six months. More than half

Security

Alvin Tan: MAS’ Framework on Loss-Sharing for Scam Victims Taking Longer Than Expected

The Monetary Authority of Singapore (MAS) found that it is taking longer than expected to design a fair and effective framework for the equitable sharing of losses resulting from scams, Minister of State for Trade and Industry Alvin Tan said

Open Banking Security

Open Data is Key to Shaping the Future of Hyper-Personalised Banking

Despite presenting tremendous opportunities to improve customer experience and drive accessibility to financial services, innovations around open APIs and open banking also increase interconnectedness and the attack surface, introducing new cyber risks which stakeholders must address by rethinking their approach

E-commerce Payments Security Sponsored Post

Tokenization Becomes the Norm in Online Payments

Southeast Asia’s digital economy is booming, driven by an extraordinary shift in consumer behavior, soaring digital consumption and the rise of digital merchants. But this explosive growth is also attracting criminals and putting merchants, banks and consumers at risk of

Australia Project Management Security

Why and How to Use VPN for Banking

Thanks to powerful internet technologies, we live in an age where monetary transactions can be executed within seconds. Banks now offer online banking services that make the customer experience easier. You no longer have to wait in long lines to

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

Security Sponsored Post

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