Security
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
Read More
Breaching the New Frontier in Payments Security and Compliance Automation
The complexity of the fintech sector is increasing with sophisticated fraud schemes and personal data compromises, counterbalanced with breakthroughs where automation in payments security and compliance automation are catching up, and playing a pivotal role in how digital fraud will
Read More
Deepfakes, Advanced Forgeries Emerge as Leading Identity Fraud Trends in Asia Pacific
As technologies such as AI continue to advance, so too does the sophistication of identity fraud which is in line with the evolving fraud trends in Asia Pacific. The past few years have shown a concerning trend, with the rate
Read More
Redefining Scam Defense in Asia-Pacific with Feedzai
The Asia Pacific region is grappling with an alarming escalation in scams and financial fraud. These increasingly sophisticated and diverse deceptive practices undermine the financial stability of consumers and institutions and erode the trust and reputation upon which these entities
Read More
Beyond KYC: Unmasking the Future of Fraud Prevention
Fraud prevention has become an increasingly crucial concern in Singapore’s ever-evolving financial technology and banking landscape. As the country continues establishing itself as a leading hub for financial innovation, the need for robust security measures has never been greater. In
Read More
OCBC to Launch ‘Money Lock’ That Restricts Digital Access to Locked Funds
OCBC Bank in Singapore is set to launch a new security feature, ‘OCBC Money Lock’, starting from 30 November 2023, aimed at enhancing protection for its 2 million customers against unauthorised financial transactions. This initiative comes as a response to
Read More
Mastercard and Feedzai Join Forces to Combat Rising Crypto Exchange Fraud
Feedzai, a financial crime and risk management solution provider, has joined forces with Mastercard to enhance crypto fraud protection. This collaboration aims to mitigate the risk of account-to-account fraud involving cryptocurrency exchanges. Recent data reveals that approximately 40% of scam
Read More
Vesta Partners Stripe to Shield Merchants from Fraudulent Transaction Liability
Transaction guarantee platform Vesta and financial infrastructure provider Stripe have announced a partnership to offer a comprehensive fraud prevention and risk protection solution in a move to combat fraud and protect revenue. The solution will combine Vesta’s Payment Guarantee, which
Read More
Flagright Rolls Out AI-Powered Forensics Tool to Investigate Financial Crime
Flagright, an AI-powered AML compliance solutions provider for fintechs and banks, has launched the Flagright AI Forensics, a tool for financial crime investigation. This new solution uses AI to streamline the detection and investigation of financial crimes, with features like
Read More
80% of Financial Firms Employ AI in Fraud Detection, Says Feedzai Report
Financial firms in the Asia Pacific region are taking steps to combat fraud, with 97% of organisations surveyed having some form of awareness programme in place. These finding are from a joint report by Feedzai, a financial fraud detection software
Read More