July 15, 2024 at 09:04PM Singapore is implementing an initiative to phase out one-time passwords (OTPs) for retail banking customers in three months. The new authentication process will use digital tokens instead of passwords, aiming to enhance protection against phishing attacks. The measure, supported by MAS and ABS, aims to prevent scams and safeguard customer … Read more
July 14, 2024 at 11:37AM The Monetary Authority of Singapore (MAS) has mandated major retail banks to phase out the use of one-time passwords (OTPs) within three months, in response to increasing phishing and scam threats. Instead, customers will use digital tokens on their mobile devices for enhanced security. Those who haven’t activated digital tokens … Read more
July 11, 2024 at 11:35PM Singapore will phase out one-time passwords (OTPs) for bank logins and move to digital tokens within three months. This change aims to improve protection against phishing attacks. While smartphone ownership is high, concerns remain about accessibility for groups such as the elderly. The shift reflects global trends in digital banking … Read more
July 10, 2024 at 06:05AM Google is extending the Advanced Protection Program (APP) by adding support for passkeys in an effort to enhance online account security for high-risk individuals. Passkeys, a virtual form of the FIDO2 hardware security key scheme, provide a more secure method of authentication and can help thwart phishing and adversary-in-the-middle attacks. … Read more
June 4, 2024 at 11:44AM Debt collection agency FBCS reports a data breach affecting over 3.2 million people, including compromised personal information like SSN, date of birth, and account details. Notice recipients will receive instructions for free credit monitoring and are advised to be wary of potential risks. FBCS assures stronger security measures moving forward. … Read more
May 27, 2024 at 08:06AM The article discusses the increasing risk of phishing attacks due to cloud transition, poor password hygiene, and advancements in webpage technologies. LayerX’s report highlights the rising magnitude of phishing attacks and suggests methods for organizations to protect against them, focusing on browser security platforms and deep session inspection as effective … Read more
May 23, 2024 at 09:09AM Bolster, a multi-channel phishing protection provider, has secured $14 million in a Series B funding round led by Microsoft’s M12, with additional funding from several other ventures. The Santa Clara-based company founded in 2019 uses AI and ML to prevent phishing and impersonation attacks. The funding will accelerate go-to-market initiatives … Read more
March 26, 2024 at 12:48PM London-based Think Cyber Security has secured £3 million in late seed funding led by Fuel Ventures, bringing its total funds raised to £3.6 million. The company’s product, Redflags, utilizes real-time nudges to encourage secure behavior among staff, aiming to mitigate both external and internal security risks. Co-founded in 2016 by … Read more
March 15, 2024 at 04:45AM Google has introduced an enhanced version of Safe Browsing, offering real-time, privacy-preserving URL protection to prevent users from visiting potentially harmful sites. By shifting to server-side checks, Google aims to improve the detection of phishing attempts and protect user privacy. The new approach involves obfuscating URLs and using encrypted hash … Read more
March 14, 2024 at 12:45PM Google is set to update Safe Browsing in Chrome to provide real-time malware and phishing protection without compromising privacy. The enhanced protection mode will use AI for deeper scans, while the new privacy server and Fastly Oblivious HTTP relays will obscure users’ URLs and IP addresses for added privacy. Based … Read more