Remove Credential Remove Origination Remove Phishing
article thumbnail

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. The final framework includes the originally proposed duties and introduces a new fraud surveillance duty for FIs in response to public feedback.

Phishing 135
article thumbnail

Deep Dive: Fraudsters Go Phishing

PYMNTS

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Over 200 DBS Customers Lose S$446K This Year to Sophisticated Phishing Scams

Fintech News

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

Phishing 109
article thumbnail

Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

Payment fraud, in which stolen payment credentials are used to make illegal transactions, rose by 9% YoY, signaling heightened financial risks for banks. This typically happens through phishing, credential stuffing, social engineering, or exploiting vulnerabilities in the platform’s security.

Accounts 143
article thumbnail

The Shifting Landscape of Fraud and Identity in 2024

Fintech News

Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022. Over 80 percent of these phishing campaigns mimicked banks or financial services, including institutions based in China, as well as local services like Singpass and SingPost.

Deepfake 125
article thumbnail

Dark Tequila Malware Targeting Mexicans For At Least Five Years

PYMNTS

Using malware, the hacker or hackers steals bank credentials and personal and corporate data. According to a press release from Kaspersky, the malware is spread via infected USB devices, as well as through spear phishing emails that include features to evade detection. Kaspersky Lab announced on Tuesday (Aug.

article thumbnail

IBM Discovers Cybercrime Ring Targeting Canadian Businesses

PYMNTS

Recent reports in Security Intelligence said the criminals are deploying custom phishing attacks against business customers of Canadian banks to gain access to their bank credentials, passwords and authentication codes. The attackers send a spear phishing email to a target with seemingly legitimate contents, including a bank logo.