Cybersecurity News in Asia

RECENT STORIES:

SEGA moves faster with flow-based network monitoring
Sasken Partners with VicOne to Deliver End-to-End Automotive Cybersecu...
Ricoh named in TIME World’s Best Companies of 2025 for employee ...
SU Group Holdings Receives Notice of Delisting from Nasdaq Due to Mini...
Fescaro, TUV Nord join forces on auto cybersecurity compliance
Four high-severity flaws found in ERP firm’s products threaten million...
LOGIN REGISTER
CybersecAsia
  • Features
    • Featured

      Combating the surge in Asia Pacific credential abuse and ransomware

      Combating the surge in Asia Pacific credential abuse and ransomware

      Wednesday, September 17, 2025, 5:06 PM Asia/Singapore | Features
    • Featured

      The rise of digital wallets: What businesses in APAC need to know

      The rise of digital wallets: What businesses in APAC need to know

      Tuesday, September 2, 2025, 1:59 PM Asia/Singapore | Features
    • Featured

      Resilience the true benchmark for smart infrastructure

      Resilience the true benchmark for smart infrastructure

      Wednesday, August 27, 2025, 8:21 PM Asia/Singapore | Features, IoT Security
  • Opinions
  • Tips
  • Whitepapers
  • Awards 2025
  • Directory
  • E-Learning

Select Page

Features

Securing trust in a digitally ambitious Singapore

By Penny Chai, Vice President, APAC, Sumsub | Tuesday, August 5, 2025, 10:19 AM Asia/Singapore

Securing trust in a digitally ambitious Singapore

With the National Day celebration in Singapore on 9th August, Penny Chai, Vice President, APAC, Sumsub, shares her perspective on the evolving role of trust in the digital economy.

As Singapore celebrates 60 years of independence this August, it is a moment to reflect on the nation’s remarkable progress from a trading port to a global innovation hub and also look ahead to the ideas, policies and technologies that will share what comes next.

At the heart of this next phase of growth is Singapore’s digital economy, a strategic pillar that promises growth, inclusion, and global leadership.

Penny Chai, Vice President, APAC, Sumsub

With its position as a regional leader in fintech, innovation, and smart infrastructure, Singapore’s ambitions are bold, but so are the threats that come with digitization. Recent developments, including the rise of cyberthreats and increased attacks on critical infrastructure signal a growing challenge that could erode the very foundation of a thriving digital economy: trust.

Whether it is digital banking, payments, investments, or identity verification platforms like Singpass, Singaporeans are increasingly reliant on digital systems to navigate daily life. And as our lives become increasingly digital, so do fraud tactics – and public confidence in these platforms risks being undermined.

AI-powered deepfakes and synthetic identity documents are being weaponized to exploit trusted systems.  In fact, Sumsub data shows that, in Singapore alone, synthetic identity document fraud rose by 184% year-on-year, while deepfake cases spiked by an alarming 1500% in the first quarter of this year.

Need for speed… and security

For businesses, the impact of fraud goes beyond operational disruption; it comes with financial consequences and reputational damage. This is particularly pressing for fintechs, where security and speed are both expected by design.

As Singapore looks ahead to its next digital chapter, trust will be the cornerstone of progress and it is critical that fraud prevention and regulatory compliance evolve hand-in-hand with innovation. Businesses and the government alike must double down on collaboration, innovation, and vigilance.

At Sumsub, we are proud to be at the intersection of business and regulation working closely with policymakers and enterprises to protect individuals and build a resilient digital ecosystem.

Singapore has long excelled at balancing innovation with governance. In the next decade, that balance will be more important than ever. Building digital trust is central to safeguarding progress and preserving the promise of what is to come.

Share:

PreviousTaoping Targets FY26 Sales of Approximately US$27 Million from Smart Agriculture
NextThree critical RCE flaws could have allowed malicious takeover of AI servers

Related Posts

Hacked IP cameras in Singapore: Time to stop treating them as install-and-forget novelties

Hacked IP cameras in Singapore: Time to stop treating them as install-and-forget novelties

Wednesday, October 21, 2020

Decoding the paradox of online privacy in SE Asia

Decoding the paradox of online privacy in SE Asia

Thursday, May 6, 2021

What is the prescription for securing the digital heartbeat of healthcare?

What is the prescription for securing the digital heartbeat of healthcare?

Friday, April 11, 2025

DeFi under siege: the growing threat of crypto market manipulation examined

DeFi under siege: the growing threat of crypto market manipulation examined

Wednesday, February 5, 2025

Leave a reply Cancel reply

You must be logged in to post a comment.

Voters-draw/RCA-Sponsors

Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
previous arrow
next arrow

CybersecAsia Voting Placement

Gamification listing or Participate Now

PARTICIPATE NOW

Vote Now -Placement(Google Ads)

Top-Sidebar-banner

Whitepapers

  • 2024 Insider Threat Report: Trends, Challenges, and Solutions

    2024 Insider Threat Report: Trends, Challenges, and Solutions

    Insider threats continue to be a major cybersecurity risk in 2024. Explore more insights on …Download Whitepaper
  • AI-Powered Cyber Ops: Redefining Cloud Security for 2025

    AI-Powered Cyber Ops: Redefining Cloud Security for 2025

    The future of cybersecurity is a perfect storm: AI-driven attacks, cloud expansion, and the convergence …Download Whitepaper
  • Data Management in the Age of Cloud and AI

    Data Management in the Age of Cloud and AI

    In today’s Asia Pacific business environment, organizations are leaning on hybrid multi-cloud infrastructures and advanced …Download Whitepaper
  • Mitigating Ransomware Risks with GRC Automation

    Mitigating Ransomware Risks with GRC Automation

    In today’s landscape, ransomware attacks pose significant threats to organizations of all sizes, with increasing …Download Whitepaper

Middle-sidebar-banner

Case Studies

  • CISOs can navigate emerging risks from autonomous AI with a new security framework

    CISOs can navigate emerging risks from autonomous AI with a new security framework

    See how security leaders can adopt layered strategies addressing intent, governance, and oversight to manage …Read more
  • MoneyMe strengthens fraud prevention and credit decisioning

    MoneyMe strengthens fraud prevention and credit decisioning

    Australian fintech strengthens risk management with SEON to scale lending operations securely and efficiently.Read more
  • PT Kereta Api Indonesia announces nationwide email and communication overhaul

    PT Kereta Api Indonesia announces nationwide email and communication overhaul

    The state railway operator’s upgraded email system improves privacy, operational reliability, and regulatory alignment for …Read more
  • Operationalizing sustainability in cybersecurity: Group-IB’s approach

    Operationalizing sustainability in cybersecurity: Group-IB’s approach

    See how the firm turned malware-group takedowns into measurements of sustainability and resilience gains: by …Read more

Bottom sidebar

  • Our Brands
  • DigiconAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 CybersecAsia All Rights Reserved.