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The number of phishing efforts to deceive users into giving up personal information nearly tripled last year compared to the previous year, and more than doubled during the months when individuals were forced to stay at home to combat the spread of Covid-19. The Cyber Security Agency of Singapore (CSA) revealed this in its newest
A cyber-attack is a real possibility. Cyber-attacks have increased dramatically in the last year, particularly with remote working due to the COVID-19 epidemic. The Cyber Security Agency of Singapore released its 2020 report on July 8, 2021, reporting a 154% increase in recorded ransomware attacks – a total of 89 cases compared to 35 in
Upholding Privacy by Design principles Privacy by Design is a framework that focuses on incorporating privacy into the Design and operation of IT systems, networked infrastructure, and business activities from the beginning of the project. It is an approach applied when creating new systems and technologies. With this, privacy is incorporated into the technology and
The Monetary Authority of Singapore (MAS) is establishing a framework for equitable sharing of scam losses or for the distribution of damages from scams among consumers and financial institutions. The regulator also stated on February 4, 2022, that it is working with the banking industry on “longer-term measures” to improve digital banking security. Legal experts