Security

4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend

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GrabPay Enhances Online Payments Security With Biometrics

GrabPay announced that it has recently strengthened its safety and security features designed to protect its users from fraud and security risks. The in-app wallet of superapp Grab has multi-layer security features will enable users to perform real-time digital transactions

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Experian Launches TrackMyID to Help Users Track Compromised Digital Identities

Multinational consumer credit reporting company Experian will extend its partnership with CyberSecurity Malaysia to empower Malaysians to protect their identity online. Experian has launched TrackMyID, an identity theft monitoring tool, to help Malaysian consumers track their digital identities that may

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the

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Synthetic Identity Theft Rises in Southeast Asia

Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an authentic-looking digital identity. These identities can include Personally Identifiable Information (PII) such as name, identity card number, birth date and

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Innov8tif’s eKYC Solution Granted Patent to Verify Malaysian IC Microprints

The Intellectual Property Corporation of Malaysia (MyIPO) has granted Innov8tif Solutions a patent for its method of verifying the authenticity of a Malaysian identity document using a computer vision algorithm known as microprint detection technique. Microprint is a security feature

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