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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. Duties of FIs and PSPs FIs and PSPs must implement several anti-scam measures to prevent unauthorized access and detect phishing threats.

Phishing 135
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DBS Introduces Mobile Wallet Toggle to Help Prevent Phishing-Linked Fraud

Fintech News

As part of the industrys initiative to address this issue, DBS has introduced a new Mobile wallets feature to verify our customers intention to add their card to a mobile wallet. By introducing the deliberate pause, we enable customers to be alert when performing transactions.

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Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector

The Payments Association

Addressing these vulnerabilities demands collaboration across financial institutions, digital platforms, and regulators. Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. of total losses.

Scams 88
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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. While it offers immediate relief to victims, it doesn’t address the root cause : stopping fraud at the source.

Scams 88
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Unveiling digital fraud: A deep dive into scam trends and crime prevention in the UK payment sector

The Payments Association

Addressing these vulnerabilities demands collaboration across financial institutions, digital platforms, and regulators. Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations.

Scams 88
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Cybertech: Securing the Foundations of Finance

Fintech Review

The risks range from phishing and account takeovers to ransomware and insider threats. Key Technologies in Cybertech The landscape includes a wide range of solutions, each addressing a different part of the threat environment. It ensures trust in the system, reduces downtime, and meets increasingly strict regulatory standards.

Finance 59
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Navigating the rise of AI-enabled fraud

The Payments Association

It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. Why is it important? What’s next?

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