THE rise in cybercrime especially in financial services is a huge talking point today.
But is it something that was predicted to happen considering the rise of online banking services?
Ho: We are seeing a shift towards soft tokens on mobile devices, where transaction authorisations are sent through push notifications.
Chan: There is a difference between cybercrime originating from a successful customer scam, and a cybercrime due to lapses in banking IT infrastructure.
Ubaid: Online banking fraud is happening everywhere in the world, and it is expected to grow as criminals keep evolving new techniques.
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