by chung chinyi | Mar 4, 2025 | Uncategorized
As the world of banking increasingly transitions to digital platforms, the shadow of fraud looms more significant than ever. Cybercriminals, ever-adaptable and cunning, continuously devise new strategies to exploit the weaknesses in online banking systems, setting...
by chung chinyi | Mar 4, 2025 | Uncategorized
On Tuesday, Singapore announced a controversial new approach to combat the surge in scams that have plagued the city-state. As authorities grapple with record-high losses from fraudulent activities, they are considering implementing caning as a punishment for certain...
by chung chinyi | Mar 4, 2025 | Uncategorized
In today’s rapidly evolving technological landscape, international business is becoming increasingly streamlined and effective. However, amidst these advancements, there are always individuals who exploit new technologies for malicious purposes, devising innovative...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
by chung chinyi | Mar 4, 2025 | Uncategorized
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,...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
by chung chinyi | Mar 4, 2025 | Uncategorized
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...
