by chung chinyi | Mar 18, 2025 | Uncategorized
Before two guys walked up to her desk, Loo Swee Hong, a bank teller at the DBS Plaza Singapura branch, was having a typical morning. One of them slipped across three $10,000 bills and a $1,000 note and added, “Please deposit these into my corporate...
by chung chinyi | Mar 18, 2025 | Uncategorized
Standard Chartered Bank is offering free insurance coverage for digital theft of funds under a revamped savings account for its older customers. Holders of the MyWay savings account, which is for customers aged 55 and above, will get covered for up to $50,000 on...
by chung chinyi | Mar 18, 2025 | Uncategorized
Bank Fraud Prevention: A Comprehensive Review Financial institutions face increasingly sophisticated fraud attacks, with over 70% of institutions losing at least $500,000 to fraud in 2022. Modern prevention strategies must balance security with customer experience...
by chung chinyi | Mar 18, 2025 | Uncategorized
The scale of the Problem Singapore is facing a severe and escalating scam crisis. The financial impact has grown dramatically since 2019: Total losses since 2019: Over $3.4 billion 2024 losses: A record $1.1 billion (the first year exceeding $1 billion) 2025 so far:...
by chung chinyi | Mar 18, 2025 | Uncategorized
As our society ages, a troubling trend has emerged: fraudsters increasingly prey on the elderly, seeking to exploit them financially. For seniors, staying informed and vigilant is crucial. If you have an elderly friend or relative who might be vulnerable, you can play...
by chung chinyi | Mar 18, 2025 | Uncategorized
As we journey into the future, a new breed of fraudsters is emerging, leveraging cutting-edge AI technologies to devise even more intricate schemes. This escalation in digital deception has compelled organisations to increase their investments in fraud prevention...
