by chung chinyi | Feb 28, 2025 | Uncategorized
In a significant development, Singapore has charged three men with fraud in connection with the alleged illicit transfer of advanced Nvidia chips to Chinese artificial intelligence firm DeepSeek. This case has garnered attention from domestic media, linking it to...
by chung chinyi | Feb 28, 2025 | Uncategorized
Singapore, 28 February 2025: The Singapore Police Force and the Monetary Authority of Singapore (MAS) are urging the public to be cautious about scams involving individuals posing as employees from Shopee, UnionPay, and MAS. Since the beginning of January 2025,...
by chung chinyi | Feb 28, 2025 | Uncategorized
Fraud prevention involves the strategic implementation of measures designed to identify and thwart fraudulent transactions and banking activities. This proactive approach is essential in safeguarding both the financial institution (FI) and its customers from potential...
by chung chinyi | Feb 28, 2025 | Uncategorized
The rise of digital transactions has significantly heightened the risks associated with fraud and identity theft. As more consumers engage in online banking and financial services, criminals have adapted, leading to increased incidents of fraudulent activities. This...
by chung chinyi | Feb 28, 2025 | Uncategorized
SINGAPORE: While the Singapore government is considering various proposals to help scam victims recover their lost funds, Minister of State for Home Affairs Sun Xueling highlighted that it is operationally challenging to apportion and track the amount of scam proceeds...
by chung chinyi | Feb 28, 2025 | Uncategorized
Fraud, often termed as “scam” or “deceit” in Indonesian, is an intentional act of misleading someone to gain an advantage at the expense of the victim’s rights. Within the realm of banking, fraud constitutes a financial crime designed to...
by chung chinyi | Feb 28, 2025 | Uncategorized
Unitree Robotics, a rapidly emerging star in China’s robotics industry, has issued a critical warning regarding scams targeting potential investors. As excitement surges around the humanoid robot sector, the company has noticed an increase in fraudulent schemes...
by chung chinyi | Feb 28, 2025 | Uncategorized
The landscape of scams has taken a troubling turn, with reports indicating a staggering 16.3 percent increase in cases during the first half of 2024. This alarming rise has pushed the number of reported incidents to an unprecedented 26,587, up from 22,853 in the same...
by chung chinyi | Feb 28, 2025 | Uncategorized
In a revealing study conducted by KnowBe4, a staggering 46% of IT decision-makers in Singapore admitted to having difficulty distinguishing legitimate emails from phishing scams. This statistic paints a troubling picture of the current cybersecurity landscape, where...
by chung chinyi | Feb 28, 2025 | Uncategorized
Banking fraud remains a significant challenge for financial institutions and their clients, representing a considerable risk to everyone involved. According to the Federal Trade Commission, consumers reported 2.8 million instances of Fraud in 2021, leading to total...
