Microblogging platform plans to double its engineering staff at its Singapore facility to 100 next year, with roles in data science, machine learning, and product management.
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Singapore Police Force issues advisory note cautioning the public of advertisements featured on Google's search platform that contain fake bank hotlines, adding that these scams already have resulted in losses of more than S$495,000 ($367,775).
With Singapore's digital bank licensees expected to begin operations this year, a spate of online scams wiping victims of their life savings serves as yet another wakeup call and demonstrates regulations sometimes are the only way to shake organisations out of complacency.
New measures, which include the removal of hyperlinks from email or SMS messages sent to customers and a 12-hour delay in activation of software tokens, will be implemented within two weeks and follow a spate of phishing SMS scams that wiped some victims of their life savings.
Monetary Authority of Singapore warns again about the high risks involved in cryptocurrency trading and instructs providers of such services not to publicly promote or advertise their offerings, as doing so may encourage consumers to trade on impulse.
Health Sciences Authority says smugglers and peddlers have tapped messaging apps, such as Telegram and WeChat, to advertise and sell e-vaporisers, which are prohibited in the country.
Singapore's trade minister says it will be "more selective" of data centres it will allow in the country, singling out facilities that demonstrate high "resource efficiency".
With most companies today still lacking a proper framework to help them navigate and respond quickly when a cybersecurity breach occurs, governments can help by providing clear guidelines and protocols.
Country's industry regulator releases draft laws that will require, amongst others, mobile apps providing news to be licensed to do so and those that may influence public opinion to undergo a security assessment.
Tencent's stake in Singapore-based e-commerce operator Sea will drop from 21.3% to 18.7%, and voting power reduced to less than 10%, following the sale of 14.5 million shares worth about $3 billion.