by chung chinyi | Apr 3, 2025 | Uncategorized
Timothy recruited three people (his father Patrick Lourdasamy, his father’s friend Kamaraj Gopal Krishnan, and his friend Daniel Lars Stevenson) to open bank accounts that received over $1.3 million in scam proceeds. The scheme worked as follows: Timothy met a...
by chung chinyi | Apr 3, 2025 | Uncategorized
34 people (27 men, 7 women) were arrested for allegedly providing their bank accounts to scammers for money launderingPolice froze over 240 bank accounts and seized around $955,000 in suspected scam proceeds700+ phone lines linked to scams were terminatedIn 2024,...
by chung chinyi | Apr 3, 2025 | Uncategorized
Key Points from CSA’s Report First-time disclosure: The Cyber Security Agency of Singapore (CSA) revealed that approximately 13% of analyzed phishing scams in 2023 were likely AI-generated. Declining numbers with increasing sophistication: While reported...
by chung chinyi | Apr 2, 2025 | Uncategorized
Industry Approach to AI: Initial excitement about AI has evolved into a more cautious approach Recognizes that AI isn’t a universal solution but needs targeted implementation Many clients lack clear AI strategies or struggle with integration Endava’s...
by chung chinyi | Apr 2, 2025 | Uncategorized
Strategic Importance Fintech partnerships are increasingly becoming a necessity rather than just an option for banks. With 63% of financial institutions now investing in AI (compared to only 32% in 2023), banks risk falling behind competitors if they don’t...
by chung chinyi | Apr 2, 2025 | Uncategorized
Since March 2025, scammers have stolen at least $614,000 by impersonating MAS officials. They call victims from local numbers (starting with “8” and “9”) Scammers direct victims to check the Register of Representatives online portal to verify...
by chung chinyi | Apr 2, 2025 | Uncategorized
Joint Singapore-Malaysia Anti-Scam Operation Over 850 people are being investigated for scams that resulted in victims losing more than S$8.1 million (US$6.08 million) The suspects range in age from 15 to 77 and were apprehended between February 10 and March 9, 2025...
by chung chinyi | Apr 2, 2025 | Uncategorized
Common Business Scams in Singapore Phishing Scams/Business Email Compromise: Emails or messages designed to appear legitimate to obtain valuable information Singapore’s first coordinated phishing exercise revealed: 30% of test phishing emails were opened 17% of...
by chung chinyi | Apr 2, 2025 | Uncategorized
Key Transformative Aspects of Agentic AI in Banking 1. Advanced Decision-Making Capabilities Agentic AI functions as independent decision-makers rather than just analytical tools Can comprehend complex objectives and break them down into manageable components Makes...
by chung chinyi | Apr 2, 2025 | Uncategorized
EA, Respawn Entertainment, and Bit Reactor are collaborating on a Star Wars strategy game. The game is known internally as “Star Wars Bruno” Screenshots from 2023 indicate it has gameplay mechanics similar to XCOM, including: Characters taking cover Hit...
