BlueVoyant research reveals Singapore supply chain cyber-risk overlooked
Banco Bmg deploys voice biometrics via WhatsApp
CISO news
BlueVoyant research reveals Singapore supply chain cyber-risk overlooked
lueVoyant research reveals supply chain cybersecurity risk management is not a priority for more than 50 % of
B respondents in Singapore despite an average 4.42 breaches reported to be negatively impacting operations in 2023 .
More alarmingly , almost a third of respondents reported between six and 10 breaches in the last 12 months .
While breaches are causing increased scrutiny from boards of directors ( 45 % compared to 39 % globally ), Singapore respondents were the least likely to report a budget increase ( 83 % compared to 85 % overall ).
The survey revealed that , despite increased cybersecurity scrutiny , budgets for external resources in Singapore were less likely to be increased .
On a positive note , Singapore organisations surveyed demonstrated strong third-party cyber-risk management ( C-TPRM ) practices .
A significant 51 % reported monitoring their supply chain cybersecurity monthly or more , even in real-time , surpassing the global average of 47 %.
“ Attacks targeting external vendors and partners are a constant threat ,” said Joel Molinoff , BlueVoyant ’ s global Head of Supply Chain Defense . “ Our data suggests that the scope of the problem is increasing , with more enterprise vendors and suppliers falling prey to cyber-attacks .”
The study was conducted by independent research organisation Opinion Matters and recorded the views and experiences of 300 respondents across Singapore Asia Pacific .
Banco Bmg deploys voice biometrics via WhatsApp
B anco Bmg in Brazil has implemented voice biometrics via WhatsApp for the security of its customers .
With the help of Minds Digital , the Voice IDtech pioneer , the bank now offers more convenience and security to its customers .
Voice biometric authentication on WhatsApp eliminates the need for complex passwords and codes , providing a more user-friendly and efficient approach to transaction security on the channel .
According to the bank , 93 % of registered customers are already authenticating by voice and being served faster , generating convenience for the user and a secure experience .
“ Banco Bmg customers can now enjoy fluid and secure biometric authentication when using the popular messaging app to check balances , with automated service provided by Blip , a smart conversation platform ,” said Vinícius Ferrari , Customer Experience Coordinator at Bmg .
“ We want to foster an era of safer , more efficient and end-customercentric banking interactions . Our idea is that , with the help of Minds Digital , we will be able to enhance the service via WhatsApp , aiming to bring more security to our users with the use of voice biometrics .”
Marcelo Peixoto , CEO of Minds Digital , said : “ Every customer ’ s voice becomes the single key to accessing their financial information , thereby reducing the risks associated with fraudulent practices .”
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