Tag "Jumio"

Are Biometrics Truly the Key to Securing Malaysia’s Banking Sector?

The cyberthreat landscape is never static. Phishing scams were already a pressing global issue for the banking industry, with Malaysia recording over 25,000 online fraud cases and RM850 million in losses in 2022. The well-publicised OCBC Bank phishing scams, too,

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Navigating Asia Pacific’s Identity Fraud Landscape

Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie is best remembered for evoking paranoia about the faceless evil lurking within society. Now, 70 years later, this invasion may be more

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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

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