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Tech news in less than 5 minutes – September 2021 - THE EDGE SINGAPORE

News

Tech news in less than 5 minutes – September 2021

Bite-sized news on cybersecurity, holomedicine, and sleep apps that you should know
The time is now for continuous controls to prevent fraud - THE EDGE SINGAPORE

Corruption probe

The time is now for continuous controls to prevent fraud

Corporate fraud is ultimately a cultural issue, says McDonell, regional solution director, fraud & security intelligence at SAS.
Singapore police probe two fiirms in alleged metal trade fraud - THE EDGE SINGAPORE

Company in the news

Singapore police probe two firms in alleged metal trade fraud

Singapore’s Commercial Affairs Department is investigating two companies for alleged fraud related to a nickel investment scheme.

Company in the news

Singapore businessman charged with $761 mil Wirecard fraud

The director of Citadelle Corporate Services Pte was charged with five counts of “wilfully and with intent to defraud”.

FINANCE

Georgian billionaire sues Credit Suisse trust in Singapore over rogue trader

Georgian billionaire Bidzina Ivanishvili, the biggest victim of a rogue trader at Credit Suisse Group AG, is suing one of the bank’s trusts in Singapore for at least US$300 million ($415 million)

Blockchain

Can blockchain tech prevent another Hin Leong?

Blockchain offers a secure way of tracking transactions over supply chains, but there are still risks to bear in mind.

Cybersecurity

Watch out! Your next travel booking might turn out to be a fraud

SINGPORE (June 12): Cybercriminals are capitalising on consumers’ risky holiday booking habits for their favourite destinations, according to McAfee.

Fintech

Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Singapore bans former HSBC, UOB bankers on fraud, dishonesty

SINGAPORE (April 11): Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.

Cryptocurrency

No end in sight for crypto sell-off as Bitcoin approaches US$4,000

LONDON (Nov 21): Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to close in on alleged fraud.
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