Tag "cybersecurity"
Fraud Attacks Increase Amid Rising Digital Banking Adoption
The COVID-19 pandemic and the measures put in place to limit the spread of the virus have drastically accelerated adoption of digital banking and contactless payments. Across Southeast Asia, banks have ramped up their digital efforts to respond to the
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APAC’s Financial Industry Sees Surge in New Account Creation Fraud
In H1 2020, new account creations saw the highest rate of attack across all transaction types within financial services, according to a new study by LexisNexis, a provider of computer-assisted legal and business research as well as risk management services.
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MAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.
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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
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Singapore’s Cybersecurity Startup Map
Singapore’s cybersecurity industry is growing strong, with now some 105 unique startups, according to the Innovation Cybersecurity Ecosystem at Block71 (ICE71)’s latest Singapore Cybersecurity Community Map. Singapore Cybersecurity Startup Map These startups operate in cybersecurity and associated fields including
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With Mobile Payments on the Rise, Creator of QR Codes Thinks It Needs a Security Revamp
QR Codes were first invented in 1994 by Japanese engineer Masahiro Hara. When it was created for Denso, they were originally used for manufacturing and issuing tickets and coupons. Never in Masahori Hara’s wildest dream did he imagine that his
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Cyber Threats Are On The Rise — 1% of Global GDP is Lost Annually
Malware, cryptocurrency mining, ransomware and drive-by download attacks are the top four cyberthreats in Asia Pacific (APAC), according to a new report by Microsoft. Released last month, the 24th edition of the Microsoft Security Intelligence Report (SIR) suggests that while
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Bloomberg Accuses Apple of using Special Microscopic Chip-bugs on Supermicro Servers
So far, the misuse of personal data and corresponding cybersecurity measures have been the hottest topics in 2018 – just remember what’s been in the news in March. If it happens that you live under a rock, I mean precisely
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Digital Disruption in Finance is Here, But Investment Firms Slow to Become Digital Leaders
A global survey of 2,000 investors and 500 investment providers supported by State Street has identified three aspects of data that will define stewardship for the digital age. Integration, the ability to combine both structured and unstructured data; Intelligence, the
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OurCrowd an Equity Crowdfunding Opens Singapore Office and Appoints new MD
OurCrowd, an equity crowdfunding, announced that it has opened an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies. It has appointed Denes Ban, a successful entrepreneur and
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