by chung chinyi | Dec 31, 2024 | Uncategorized
Financial institutions regularly use device identity for fraud prevention and to authenticate users at login or for high-risk activity. It is one of many controls that can be used to safeguard online interactions. But as with other security tools that rely on static...
by chung chinyi | Dec 31, 2024 | Uncategorized
In recent times, there has been a troubling rise in the misuse of the name and trademarks of the Bank for International Settlements (BIS) as part of various fraudulent schemes aimed at deceiving the public. Scammers have been employing tactics such as fake financial...
by chung chinyi | Dec 31, 2024 | Uncategorized
The landscape of digital banking is constantly changing, reshaping how we handle our financial affairs. Each year brings forth new technological advancements that revolutionise the banking experience, offering greater convenience, enhanced security, and improved...
by chung chinyi | Dec 30, 2024 | Uncategorized
The alarming surge in suspicious and potentially fraudulent activity has become a pressing concern for financial institutions worldwide. A striking statistic reveals that over 2.5 million Suspicious Activity Reports (SARs) were filed by August of last year, indicating...
by chung chinyi | Dec 30, 2024 | Uncategorized
Long before the upheaval caused by the pandemic in 2020, individuals in Australia and New Zealand were already adapting to the convenience of mobile banking. According to a global digital banking survey conducted by RFI, an impressive 73% of consumers have...
by chung chinyi | Dec 30, 2024 | Uncategorized
Staying informed about global events often leads to encounters with stories of bank fraud or ongoing investigations into such criminal activities. This prevalence is no coincidence; banking and financial fraud have long been a significant concern for both individuals...
