: Value Investing Forum - Singapore, Hong Kong, U.S.

Full Version: DiSa
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
DiSa pioneers programme to protect mobile phone users against e‐wallet theft, signs up by M1

Amid a rising trend in e‐wallet theft worldwide, DiSa Limited, a Singapore‐based digital security company, is launching a first‐of‐its‐kind integrated mobile phone warranty programme to protect phone users against cyber theft.  

To be launched in April 2019, M1 will be the first telco in Singapore to offer DiSa’s Cyber Theft Warranty programme to its phone users.  

In the event if phone users suffer any financial losses resulting from theft of their e‐wallets, they can make a claim on DiSa’s website for an amount up to the retail cost of the phone. Every phone under the warranty programme will be tagged with DiSa’s 3S smart barcode. 

Globally, there has been a spike in mobile cybercrimes as smartphone penetration soars. According to RSA, a US‐based global security and risk management company, more than 60% of online fraud is accomplished through mobile platforms and 80% of mobile fraud is achieved through mobile apps instead of mobile web browsers.  

In a report on cyber threats, the World Economic Forum (WEF) noted that a prominent threat has emerged from the fact that most people are using their phones to manage financial operations or handle sensitive data outside the security of their home network. The fact that users typically hold all their information on their phone, and that smartphones are now used for two‐factor authentication, increases the security risk if the device is lost or stolen. 

More details in