Singapore a hotspot for business email scams, malicious Web addresses, says Trend Micro

SINGAPORE is the most vulnerable country in South-east Asia for business email compromise scams and a hotspot for hosting malicious Web addresses, according to cybersecurity solutions provider Trend Micro.

In a typical BEC attack, attackers initiate or intercept communication with a decision maker of a company with the ability to release funds or conduct wire transfers as payment for services or as part of normal operations. In most cases, that would be the chief executive or an executive with similar powers, the report explained.

“Enterprises need to strengthen their cyber defences at every touch point, namely, on the endpoint, in the cloud, and at the network layer,” he said.

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