In the annals of financial security, the Global Banking Fraud Survey of 2019 painted a concerning picture: over half of the participating institutions reported an unsettling increase in fraudulent activities. This uptick was not just a minor inconvenience; it had...

In the bustling city-state of Singapore, where financial stability has long been a hallmark, the landscape of crime is rapidly shifting. Authorities have ramped up their security protocols to protect citizens from fraud, yet the criminals are not standing still; they...

In recent years, the banking landscape has undergone a remarkable transformation. Digital banking has not only simplified transaction processing but also significantly elevated customer satisfaction. However, this leap into the digital realm has come with its own set...

Despite the persistent threat, banks and major financial institutions have always demonstrated resilience in the face of criminal activities. The archetypal image of a bank heist—whether it’s a note discreetly passed to a teller or a bandit brandishing a revolver—only...

Fraudsters are relentless in their pursuit of new tactics, constantly evolving to exploit weaknesses in systems. This means that, just like them, you cannot afford to take a break. The onset of the pandemic has accelerated the shift towards online and mobile banking,...

The landscape of the financial services sector is undergoing a remarkable transformation. In this new era, banks and credit unions are harnessing the power of technology to revolutionise their operations. By embracing innovative solutions, they are streamlining their...

Long before the internet revolutionised our lives, people found creative ways to separate you from your hard-earned money. Today, while the methods may have evolved, the underlying tactics remain strikingly similar. The ease of online transactions and the vast...

The emergence of Software as a Service (SaaS) and cloud-driven workspaces has significantly transformed the landscape of cyber risks. Nowadays, a staggering 90% of network traffic within organisations navigates through web browsers and applications, leading to a...

In the bustling city-state of Singapore, the allure of impossibly low-interest personal loans and enticing part-time remote jobs can be hard to resist. Imagine receiving a text or a message through popular platforms like WhatsApp or Telegram, promising you quick cash...

In a troubling tale of deception, a business owner was ensnared by a group of scammers who expertly coaxed her into approving transactions that ultimately emptied her personal and company bank accounts.   On February 11, a 37-year-old woman from Singapore became...