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.
Business Email Compromise: The Silent Billion‑Dollar Threat Hitting Companies Across Asia
Business Email Compromise (BEC) has become one of the most damaging forms of corporate fraud in the region. Unlike ransomware or data breaches, BEC doesn’t rely on breaking into systems. It exploits something far more vulnerable: human trust
Singapore’s PayNow Nickname Removal
PayNow is a real-time payment service in Singapore that allows people and businesses to send and receive money instantly using simple identifiers like a mobile number, NRIC, or UEN, instead of having to use full bank account numbers. It is linked directly to bank accounts, so transfers happen almost immediately between participating banks. It is […]
Lego – How a Children’s Toy Became a Major Black Market Target
Lego may be known as a simple children’s toy, but it has increasingly become a valuable target for thieves and organised crime groups around the world. High-end Lego sets, especially limited-edition collector items, can sell for hundreds or even thousands of dollars. They are easy to carry, simple to store, and always in demand, making […]
Panama Papers — 10 Years On: Why the Impact Still Matters for Malaysia
In April 2016, the release of the Panama Papers changed how the world understood offshore finance, corporate transparency, and financial secrecy. Ten years later, the effects are still being felt — particularly in Malaysia and across Southeast Asia, where cross-border investment and complex corporate structures are part of everyday business.
Fake hires from North Korea obtain IT jobs
When people hear about fake job applicants linked to North Korean cyber operations, the assumption is usually the same: that happens overseas.
But the reality has shifted.
When Tenants Mine Crypto, Landlords Pay the Price: How to Protect Yourself in Malaysia
Illegal cryptocurrency mining continues to be a growing challenge in Malaysia, and the issue is increasingly affecting ordinary property owners. Enforcement agencies have highlighted multiple cases where tenants used rented premises for crypto‑mining operations, leaving landlords unknowingly responsible for massive electricity bills and potential legal complications. In Malaysia, illegal mining operations often bypass electricity meters […]
Singapore’s Simulated Scam Exercise: Strengthening National Resilience Against Evolving Scam Threats
Singapore’s upcoming nationwide simulated scam exercise, scheduled for 2026, represents a significant step forward in how governments address the rising threat of online scams and digital fraud.
MACC Investigation Highlights E-Waste Fraud and Smuggling Risks in Malaysia
MACC investigations into e-waste fraud reveal illegal imports, raids in Selangor and Negeri Sembilan, and growing environmental crime risks in Malaysia
Malaysia has new QR code Digital Tax Stamps on all alcoholic beverages containers
Malaysia’s new QR digital tax stamps help consumers identify genuine alcohol and reduce the risks of counterfeit liquor in the local market.