Business E-mail Compromise (BEC): A Continuing Threat to Businesses in Malaysia and Singapore
Recent reports from Singapore highlighted how sophisticated Business E-mail Compromise (BEC) scams continue to target businesses across the region. In one case, three teenagers were arrested for their alleged involvement in a scheme that deceived a US fund remitter into transferring approximately US$2.89 million (S$3.7 million) into corporate bank accounts set up specifically to receive the fraudulent proceeds.
LinkedIn Recruitment Risks and Information Security Threats: Implications for Malaysia
Recent security advisories from international law enforcement and industry observers have highlighted a growing trend in the use of professional networking platforms, particularly LinkedIn, as a channel for targeted recruitment-style engagement that can be used to obtain sensitive commercial or organisational information. These approaches typically begin in a highly credible and professional manner. Individuals may […]
RIP Password123: Why Passkeys Are Taking Over
Passwords may finally be on their way out. Around the world, cybersecurity experts are pushing for a new way to log in—one that is both safer and easier to use. Organisations like the National Cyber Security Centre, part of GCHQ in UK, have made it clear: passwords are no longer strong enough to protect us […]
Sextortion scams on the rise
Sextortion scams in Singapore and Malaysia are on the rise, fuelled by AI deepfakes and personal data breaches. Learn how to protect yourself and report incidents.
The ransomware industry is thriving, not losing
The ransomware landscape indeed seems to be evolving in favour of attackers, even as law enforcement efforts continue to dismantle certain groups. Notably, 2024 is seeing record-breaking ransom payouts and increasing extortion tactics, underscoring the industry’s profitability and persistence. As high-profile cases like Change Healthcare’s $22 million ransom to the ALPHV group show, ransomware remains lucrative despite the occasional infighting within these criminal organizations.