cybersecurity
Authorised scams expose gaps in bank fraud controls
Authorised scams expose gaps in bank fraud controls
Banks must detect legitimate-looking scam payments whilst balancing customer friction, compliance costs, and security investment.
6 days ago
Broad bank freezes cut scams but block rent payroll and medical payments too
ManageEngine and Okta say banks hardening identity controls with behavioural analytics is more effective than defaulting to freezes.
Tool dependence leaves institutions with cyber gaps
Cyber awareness must reach receptionists and CEOs as AI attacks target humans not just systems.
Cybercriminals exploit identities across APAC finance
Deepfakes, phishing and stolen credentials are driving banks to overhaul authentication.
Banks expand cyber defenses with penetration tests, team drills
Asia outpaces other regions in cybersecurity leaders reporting to CEOs.
Vietnam’s finance sector faces digitalisation challenges despite eased regulation
Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.
Financial services, insurance lose $2.2m per hour from outages: study
The value they lose is 16% higher than the average across all industries.
Authorised payment scams rise as a major fraud trend
E-commerce, phishing, job scams dominate reported fraud cases.
BSP enforces tailored cyber resilience rules for smaller institutions
The framework ensures flexibility and proportionality in cybersecurity requirements.
Ransomware threats to banks escalate to 64%
Security breach costs trust for banks and customers.
Trust Is Key to Successful Digital Banking Services
Organisations in Singapore today understand that customers want convenience and a personal touch when interacting with them and utilising their services. This is especially true of the banking and insurance sectors.
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
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