In this modern era of work and living, our reliance on technology and gadgets have increased significantly especially over the past decade. As digital work and work place transformations are taking place, on top of new working trends of working from home or working outside, the digital workplace is being transformed, along with our leisure life on the internet, digital space and social media platforms. Therefore, cybersecurity is getting more attention and utmost importance over the years as we consume more technology, digital practices in work and living. Ask yourself this question, how serious and how important is identity theft to you? Would you be keen on protecting your personal identity details? Trend Micro recently announced ID Security, to combat identity theft.<\/p>\n

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Trend Micro Incorporated<\/span><\/a>, a global leader in cybersecurity solutions, recently announced the launch of ID Security, an app-based solution to combat identity theft by scanning the dark web for personal data. Trend Micro has found that concern around identity theft is a high amongst Singaporeans, with over 90% reporting concern around it happening to them, according to their latest research. As we consumed more internet, digital gadgets and social media, all these opened up avenues to cybercriminals, increasing their access to valuable personal details, often for their financial gain at our loss.<\/span><\/p>\n

The repercussions of stolen personal identity and information can lead to bigger consequences, identity thieves can assume their victims’ identities online and trick friends or family into divulging valuable information such as mobile numbers and One-Time Passwords (OTP). Such social impersonation scams have lost Singaporeans a hefty S$3.1 million in 2019<\/span><\/a>, a S$2 million increase from the year before. According to Trend Micro\u2019s research, which surveyed 1,000 Singaporeans in 2019, this potential financial impact may be why almost half (44 per cent) of respondents say they check their accounts weekly for suspicious activity.<\/span><\/p>\n

From my own personal experiences, I had seen Facebook personal accounts being hacked, befriending people and asking for personal information, mobile numbers and other details. On Instagram too, some of my friends’ accounts had been hacked and started chatting with other friends to obtain information such as mobile numbers and OTP. The issue on identity theft is getting more prevalent in recent years.<\/p>\n

\u201cCybercrime involving the theft of personal data, including identity crime and fraud, can have a significant impact on the lives of everyday Singaporeans,\u201d said Tim Falinski, Managing Director, Consumer, APAC, for Trend Micro. \u201cAs our lives have moved increasingly online, so too has identity theft. The vast amounts of personal data available online, which often is not protected to an adequate level to keep it secure from cybercriminals, is putting Singaporeans at risk.\u201d<\/span><\/em><\/p>\n

However, while many Singaporeans are concerned around securing their personal data online, only\u00a0 <\/span>one-in-three (35 per cent) use identity protection solutions, such as those protecting against keylogging and monitoring online for data theft, and many continue to share personally identifiable information online. This includes their address details, date of birth, NRIC number or passport \u2013 all of which can be used maliciously if in the wrong hands. In 2019, at least 26 companies<\/span><\/a> were either fined or warned for infringing the Personal Data Protection Act (PDPA) in Singapore, and these data breaches may have impacted the consumers without their knowledge. <\/span><\/p>\n

\u201cWhile it\u2019s great to see that Singaporeans are concerned about the safety of their personal data and its misuse, many may not realise that their actions are in fact putting this data at risk. Singaporeans now consistently see the impact of frequent data breaches, but many don\u2019t actually know how they\u2019ve been personally impacted. This isn\u2019t because they don\u2019t want to, but are unsure of how to track it themselves. This is why we have launched ID Security.\u00a0 <\/span>With the rise in the exchange of data on the dark web, people\u2019s data can travel further than before and with significant ease for cybercriminals. ID Security helps protect against this and give Singaporeans visibility of their data.\u201d<\/span><\/em><\/p>\n

What is Trend Micro ID Security? How does it work?<\/strong>
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