By Loo Siew Yee assistant MD (Policy, Payments & Financial Crime) at MAS. Technology can be a powerful enabler in the fight against money laundering. The right solutions support financial institutions, and I will refer to them as FIs, to more sharply and quickly detect higher risk customers and activities,…
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Phishing attacks rise against financial institutions
Criminals have dedicated a good deal of energy and resources toward advancing the phishing economy. In May 2020, there were two dates that stood out when it comes to global cybersecurity issues. On May 9, credential abuse hit a peak of 786,882,475 attacks globally. Five days later, on May 14,…
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