by chung chinyi | Feb 24, 2025 | Uncategorized
In Asia, a troubling trend has emerged, as romance scams have reached their highest levels in six years, presenting a formidable obstacle for banks and financial institutions. These entities are now grappling with heightened risks of reputational harm and the looming...
by chung chinyi | Feb 24, 2025 | Uncategorized
In the quiet town of Seremban, a family is gripped by anguish as they search for their beloved daughter. Su Yuying, a vibrant 23-year-old, vanished after a heated argument with her parents. The dispute, which seemed trivial at the time, spiralled into a nightmare that...
by chung chinyi | Feb 24, 2025 | Uncategorized
As reported by GlobalData, the general insurance sector in Singapore is anticipated to experience a compound annual growth rate (CAGR) of 6.2%, potentially reaching S$8.1 billion (approximately $5.9 billion) in gross written premiums (GWP) by 2029, an increase from...
by chung chinyi | Feb 24, 2025 | Uncategorized
In a shocking turn of events, a 65-year-old woman from the United States, identified as Melba Sharp, was arrested in Phuket, Thailand. The incident unfolded at Phuket International Airport on a Sunday night as she prepared to board a flight to Singapore with Scoot...
by chung chinyi | Feb 24, 2025 | Uncategorized
Throughout the years, numerous reports have surfaced regarding scams targeting food and beverage establishments. Incidents include restaurants receiving fraudulent PayNow payment confirmations and a kopitiam stall owner who lost S$27,000 to a “customer” who never...
by chung chinyi | Feb 24, 2025 | Uncategorized
A robust governance function is essential for bridging security gaps within financial institutions. As technology advances, AI-driven fraud is increasingly outpacing the defences employed by banks and insurers. Rosanna Canlas, Head of Information Security at Allianz...
