Phishing Attacks with Multiple Replica Sign-Ins are on the Rise

Organizations have elaborate multi-layer cybersecurity defense mechanisms in place and yet hackers manage to penetrate through to access their data. With these stronger defense mechanisms, the number of machine and direct network exploits have decreased. However, hackers have now turned towards phishing attacks and social engineering.   Reports suggest that more than 90% of data breaches start with a phishing attack. Phishing does not involve…

What should your Cybersecurity budget be?

Cybersecurity has become a matter of great concern for governments, corporations, and SMEs across the globe. The reason is that these organizations collect and store sensitive information from their users that can be breached and accessed by hackers. Data breaches and other cyberattacks have become very common in the last couple of years with over…

“Asia’s Digital Transformation”- Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the GIC Institutional Investors Roundtable on 31 October 2018

Ladies and gentlemen, good morning.  I thank GIC for the invitation and am pleased to meet all of you. Why FinTech? About three-and-a-half years ago, the Monetary Authority of Singapore (MAS) made a momentous decision – to promote an innovative and dynamic financial sector by working with the industry to harness the power of technology.…