In recent years, the shadow of bank fraud has loomed more significant than ever, casting a pall over the financial landscape. The sophistication of these fraudulent attacks has escalated, leading to significant losses not only in monetary terms but also in the...

In Singapore, a 37-year-old woman found herself at the centre of a sophisticated scam that would leave her shaken. It all began when she received a flurry of phone calls from individuals claiming to represent the National Trade Union Congress (NTUC) and the Monetary...

A recent report has unveiled a troubling trend: central banks and regulators around the globe are adopting vastly different strategies to combat the growing threat of payment scams. As digital payments surged in popularity following the COVID-19 pandemic, the...

The banking landscape is undergoing a remarkable evolution, driven by rapid advancements in technology. As artificial intelligence takes centre stage, it is fundamentally changing the way banks engage with their customers. The importance of cybersecurity has never...

Have you ever found yourself in the distressing situation of having your credit card compromised? If you have, rest assured that you are far from being the only one facing this challenge. Recent statistics on credit card fraud, gathered by renowned financial...

SINGAPORE - Imagine a scenario where a man dressed in a jacket emblazoned with the logo of your bank unexpectedly arrives at your doorstep. He confidently states that there’s an issue with your account and requests that you provide him with your personal information...

In a dimly lit room, a devoted young couple sat side by side, their eyes fixed on the glowing screen of a laptop. They were meticulously sifting through various documents, determined to ensure that every detail was in order. Their seriousness underscored the...

In recent times, the landscape of financial deception has witnessed a staggering increase, targeting both banks and their clientele. The cunning tactics employed by fraudsters are deeply rooted in exploiting human psychology as they seek to infiltrate bank accounts...

The threat landscape is becoming increasingly intricate. As noted by Josephine Teo, the Second Minister for Home Affairs, technology has become a tool for criminals, who can execute increasingly sophisticated schemes and target a wider array of victims. In response to...

Fraud operates like a hidden ailment, often lying dormant until it manifests as financial distress. Anyone, regardless of their circumstances, can be ensnared by its deceitful grasp. The phenomenon of bank fraud has been a persistent companion to financial...