OCBC customers affected by the recent SMS phishing scam

According to the police, nearly 470 people had fallen victim to the SMS phishing scams involving OCBC in December, with total losses amounting to at least S$8.5 million.

Implementation of PayConfirm as PSD2 compliant solution for transaction confirmation in digital at Wise Wolves Payment Institution

«We were looking for a solution that would replace current means of log-in and transaction confirmations and satisfy PSD2 requirements. As we all know, new Directive applies technical standards and certain restrictions, such as SMS OTP, while we find it critical to provide our clients a mobile, modern and user-friendly way to proceed with their payment operations. The PayConfirm by Airome Technologies helps us to satisfy all these criteria and also make payments more secure and protect our clients from potential fraud».
Marfa Shishkina,
Executive director of Wise Wolves Payment Institution
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Op Wocao – China-linked APT20 was able to bypass 2FA

China-linked cyber espionage group APT20 has been bypassing two-factor authentication (2FA) in recent attacks

Quickly-growing phone scam targets bank customers via text message

Scammers targeted bank customers through SMS about “suspicious withdrawals”.

Cybercrime is focusing on accountants

We detect a spike in activity from Trojans targeting mostly accountants who work in small and midsize businesses.