Scams and cybercrime cases in Singapore increased by 49.6% in 2023, with victims losing a total of SG$651.8 million (~US$483.62 million), despite industry-wide measures being implemented to combat such incidents.

The breach resulted from a system overload caused by incorrect mapping of device IDs, which was attributed to a third-party caching client library recently integrated into Wyze's system.

While ransomware groups targeted a wide range of industries for profit, the demise of several groups in 2023 was attributed to increased pressure from law enforcement and cybersecurity organizations.

Google is collaborating with the Singapore government to roll out a new security feature in Google Play Protect to block the installation of potentially risky side-loaded apps, aiming to protect Android users from malware-enabled scams.

Chrome version 120 includes 10 bug fixes, with two of them being highly critical security patches. The high-ranked security vulnerabilities include "Use after free" exploits in Media Stream and Side Panel Search.

Ransomware attacks have seen a shocking 153% increase in September, with healthcare being a particularly concerning target due to its potential impact on patient safety, according to NCC Group's Threat Pulse report.

The collaboration aims to enhance regulatory enforcement activities, exchange information, and implement anti-scam measures in both countries to mitigate the risks faced by citizens and businesses.

Asia-Pacific is the second-most targeted region for malicious bot requests against financial services, with global hubs Singapore, Australia, and Japan the region's top three most targeted, accounting for the bulk of web application and API attacks.

When businesses override a customer's security decision, does it make them fully liable when a breach occurs? That's a question banks like those in Singapore need to consider before they roll out their next security feature.

OCBC introduced a security feature that locks out access if it detects mobile apps downloaded from unofficial app stores on the user's phone. The bank cites the need to safeguard against malware, but is instead frustrating customers.