Cyber Security
UNODC Picks Malaysia for Its First Crypto Analysis Lab in South East Asia
The United Nations Office on Drugs and Crime (UNODC) and the Royal Malaysia Police (RMP) have jointly opened Southeast Asia’s first Cryptocurrency Analysis Laboratory in Kuala Lumpur. The laboratory will facilitate RMP’s operation in conducting investigation and analysis of cryptocurrency-related
Read More
5 BFSI Cybersecurity Trends in APAC You Need to Know in 2022
The rise of digital banking and accelerated digital transformation have brought about new security concerns. Criminals are turning their attention to gullible online users, creating ever-so sophisticated scamming schemes to defraud them. At the enterprise level, threat actors are opportunistically
Read More
Boosting Fraud Prevention and AML While Preserving the Customer Journey
As the technologies that power the world of banking and financial services grow more sophisticated, so are the threats vectors affecting them. And although financial service providers are leaning heavily on technology to power next-gen products and services, perhaps the
Read More
Banks Need to Step Up as Fraudsters Target Surge in Digital Adoption by First Time Users
The COVID-19 pandemic has forced organisations and individuals to embrace new practices and move to online channels, bringing with it a significant increase in fraudulent activities. Affirming this situation, cybersecurity firm Kaspersky recorded a 20% increase in the share of account takeover
Read More
GHL Investigating Alleged E-Pay Data Breach
An earlier report by SoyaCincau spotted social media postings which claim that the personal details of over 300,000 E-Pay customers are being sold online for US$ 300. The report further added that the database contain customer name, email address, hashed
Read More
The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
Read More
Why an Overhaul in Cyber Security Mindset is Crucial for Banking
In an increasingly connected world the need for a robust cyber-security in the banking sector is more important today than it has ever been. While banks of the past defended themselves from malicious actors with better vaults, exploding dye packs
Read More