Security

Echoing PM Lee, MAS Calls for The Industry to Be More Cyber-Resilient
Security

Echoing PM Lee, MAS Calls for The Industry to Be More Cyber-Resilient

The recent Singhealth data hack is a sobering reminder to us all that the conveniences offered by digital technologies has also exposed us to various vulnerabilities. With over 1.5 million patient breached, Prime Minister Lee Hsien Loong said the Government is doubling

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Cryptocurrency Mining Malware Increased 86% in Q2 / Blockchain Security Threats
Blockchain/Bitcoin Security

Cryptocurrency Mining Malware Increased 86% in Q2 / Blockchain Security Threats

McAfee released its McAfee Labs Threats Report: September 2018, examining the growth and trends of new cyber threats in Q2 2018. In the second quarter, McAfee Labs saw the surge in cryptomining malware growth that began in Q4 2017 continue

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MAS Consults On Measures To Strengthen Cyber Resilience Of Financial Institutions
Security

MAS Consults On Measures To Strengthen Cyber Resilience Of Financial Institutions

The Monetary Authority of Singapore (MAS) issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber

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Everything You Need to Know about Singapore’s Personal Data Protection Act
Security

Everything You Need to Know about Singapore’s Personal Data Protection Act

Singapore’s Personal Data Protection Act (PDPA) governs the way companies in the country collect, store, use and disclose data. In order to comply with KYC (Know Your Customer) laws, fintech companies must collect personal data from customers. And that, in

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Collaboration is Key to Strong Cyber Security Framework in Australia
Security

Collaboration is Key to Strong Cyber Security Framework in Australia

Experts who attended the inaugural National Fintech Cyber Security Summit share the view that collaboration between Australian authorities and the private sector would build a strong information protection industry locally. With cyber threats growing more damaging and more sophisticated, it is

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Singapore’s FinTech Answer To The $35 Billion Card Fraud Problem
Security

Singapore’s FinTech Answer To The $35 Billion Card Fraud Problem

We take card payment for granted in our daily life from the paying of meals to purchasing of concert tickets online. According to Nilson, the world purchased $28.8 trillion worth of goods and services in 2014 by credit, debit and

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BankGuard Seeks to Reinvent Online Banking Security
Security

BankGuard Seeks to Reinvent Online Banking Security

Japanese startup BankGuard has developed a new security system for the online banking industry that addresses weaknesses of current technologies on man-in-the-middle attacks. Entitled the SuperMatrix, this patented two-factor authentication solution is reinventing banking security by utilizing images rather than

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