The landscape of digital banking security in Singapore is undergoing a radical transformation. The growing menace of phishing scams has necessitated the need for more robust authentication methods. While One-Time Passwords (OTPs) have served well in the past, their vulnerability to sophisticated cyber-attacks has rendered them inadequate. In response, major retail banks in Singapore, under the guidance of the Monetary
In recent years, the financial industry has seen a significant shift toward integrating innovative financial technologies (FinTech) with traditional banking systems. A major player in this domain is InvestiFi, a prominent Investment Technology (InvestTech) platform, which has recently formed a strategic partnership with HiFin Technology. This collaboration is set to revolutionize the investment capabilities of Credit Unions, aiming to enhance
The digital asset investment management platform Haruko recently raised $6 million in a Series A funding round, marking a significant milestone in the company’s strategic development. This infusion of capital, co-led by White Star Capital’s Digital Asset Fund and MMC Ventures, propels Haruko toward its goal of expanding its operations in Southeast Asia. This development holds the promise of advancing
Instinct Digital, a leading SaaS provider specializing in investor reporting solutions, has recently reached a significant milestone by successfully closing a £5 million Series A funding round. This impressive achievement, reported by Business Cloud, has garnered considerable attention from key industry players and stakeholders alike. The funding is notably backed by AlbionVC, a prominent venture capital firm based in London.
Cambodia has been chosen as the testing ground for an innovative financial inclusion initiative driven by blockchain technology. This move is poised to transform the financial landscape, especially for micro, small, and medium enterprises (MSMEs) in the country. By leveraging the Universal Trusted Credentials (UTC) system, the United Nations Development Program (UNDP) and international partners aim to create secure, accessible
The recent decision by the U.S. Securities and Exchange Commission (SEC) to conclude its three-year investigation into Hiro Systems without recommending enforcement action has potentially significant implications for blockchain regulation and the broader cryptocurrency industry. Hiro Systems, formerly known as Blockstack, raised $70 million in token sales between 2017 and 2019, drawing intense regulatory scrutiny. Despite this scrutiny, the SEC
Blockchain and artificial intelligence (AI) technologies are becoming increasingly integral to various industries worldwide. In Thailand, SynergyLabs is at the forefront of this technological revolution, primarily driven by the Internet Computer Protocol (ICP). This article explores how SynergyLabs, as the ICP Hub in Thailand, is making significant strides in promoting and integrating these technologies across the country. SynergyLabs’ Role in
The telecommunications giant AT&T has recently experienced a significant data breach that has affected their call logs. These logs, stored on the third-party cloud platform Snowflake, were accessed by unauthorized parties, raising substantial concerns about cloud security and data privacy. Let’s delve deeper into this incident, its implications, and the responses from AT&T and Snowflake. Incident Overview and Immediate Impact
The fusion of art and technology has embarked on an unprecedented path with the launch of the BANKSY token on the Solana blockchain. This venture, initiated by the platform Banksy.fyi and propelled through Pump.Fun, signifies a pivotal moment that bridges the realms of creative ingenuity and digital innovation. As the world speculates on the true involvement of the enigmatic street
In a move that could potentially reshape the wealth management technology landscape, private equity giants Bain Capital and Reverence Capital have announced their agreement to acquire Envestnet for a staggering $4.5 billion. Envestnet, a key player in the wealth management technology market, manages assets worth over $6 trillion and supports approximately 20 million accounts. The company’s platform is widely utilized
India is currently experiencing a troubling growth in smishing attacks, a form of cybercrime where users are tricked into revealing sensitive information through deceptive SMS messages. At the forefront of these malicious activities is the Smishing Triad, a well-known group of cybercriminals that has now concentrated its efforts on impersonating India Post, the government-operated postal service, to deceive unsuspecting users.
The hacking incident involving Doja Cat’s X (formerly Twitter) account on July 8 has catapulted concerns about the misuse of celebrity platforms for fraudulent activities into the limelight. This security breach, reported by Daily Trends and The Daily Mail, saw the hacker utilizing her account to promote a scam cryptocurrency called “Doja Cat (DOJA).” This event underscores not only the
