Jene Lim

  👟Love such stories where the founders created products based on user painpoints and their own passion. In this case, he was scammed of US$600 when buying a limited edition hoodie online. 👟 Such encounters led Richard Xia and his friend Chris Xue to launch an online marketplace targeted at the Asian market where sneaker enthusiasts can buy and sell cult sneakers and streetwear and be assured that the products are authentic and payments are safe. 👟 The start-up is now valued at US$80 million and counts famous American rapper and music producer Snoop Dogg as strategic advisor. How did they build trust ? 👟 Novelship will authenticate the shoes and deliver them to the customer. 👟 Novelship processed about 150,000 products last year. About 20 per cent to 25 per cent of the sneakers it receives are problematic. Fake items account for about half of this. Others might come without a box or the shoes are damaged or have been worn and are smelly. 👟 To cut down on such bad actors, sell...

☎️ Hi, is this Jene? Me: Who are you? Where are you calling from? 🙏 Pardon me if my phone greeting is curt and cold nowadays.  80% of the calls I pick up tend to be scam calls, claiming to be from DHL, ICA or someone who claimed to be a friend and asked why I didn’t recognise their voice.  Yesterday I picked up one more who asked me to go down to a physical location to pick up something free. This sounded like those timeshare schemes which were prevailing some years ago but seemed relatively naive nowadays.    Today,  I also read this  article  on The Business Times  about how scam rates continue to increase in spite of all the education to date.  “The bait may differ – be it spoofed SMS links, QR codes, websites, calls from authorities and so on – but the pattern is the same: befuddle victims into revealing their online banking login name and password. This is why banks have such a major and critical role to play in stemming online fraud. ...

Imagine trying to buy seafood online and losing $40,000 worth of CPF savings (pension). And we thought that online scams were just limited to phishing emails and SMSes.  This one was more elaborate as it involved an omni channel approach between Facebook ads and engaging with someone on WhatsApp to and fro.  Then after victim went to bed , all his CPF was withdrawn from his bank account and thereafter transferred out.  What happened? #malware was used to compromise mobile devices, resulting in unauthorised transactions from the victims’ bank accounts even though they did not reveal their internet banking credentials, one-time passwords or Singpass credentials to anyone. In this case, CPF savings were withdrawn and credited to victims' bank accounts before being transferred out. This happened after victims responded to advertisements on social media platforms like Facebook and were instructed by scammers to download mobile apps from third-party sites or via WhatsApp, resul...

I’m grateful for the opportunity to serve as the Honorary Treasurer in the Digital Trust Chapter to help drive the digital trust industry by catalysing collaboration between companies and countries, and to establish Singapore tech industry as leader in digital trust technologies.  Follow me and SGTech for latest developments and technologies on Digital Trust.  #digitaltrust #sgtech #tech #technology #business

Apart from phishing emails and SMSes, now a new variant of scams is happening, targeting online shoppers who may be taken in by the websites which have similar looking domain names and even similar look and feel.  Consumers have no choice for now but to endure increased friction, by clicking from parent website domain- country selector - Singapore to get to a real page, spend extra time checking legitimacy of domain names or risk falling prey to scams where  💳 credit card details and other personal data may be compromised  📦 goods might not be delivered  🥸 goods delivered might be counterfeit  As a consumer, here’s what you can do :  ✅ Avoid clicking on dubious links provided by unofficial sources. The authenticity of a link should always be verified with the official website or source. ✅To check if something is a scam, go to www.scamalert.sg or call the Anti-Scam Hotline on 1800-772-6688. #digitaltrust #consumer #data #tech #digital #scam  #phishin...

🔐12 steps to secure trust for your business 🔐   👉🏻 https://lnkd.in/gRAybSiv Check out the practical and useful tips by Raju Chellam who sits on the Exco of SGTech’s Cloud & Data Chapter (CDC) and on the Digital Trust Committee.  Love his opening limerick and do check out his ending one in the link above.  DIGITAL TRUST IS QUITE HARD TO FIND, WITH SCAMS AND HACKS OF EVERY KIND. WE TYPE IN OUR INFO, HOPING IT WON’T GO, TO SOME CYBERCRIMINAL’S BIND. More about Digital Trust:  This is part of a series of educational materials which informs the public on the relevance of digital trust for consumers and businesses. Follow me and SGTech for latest articles.  #digitaltrust #business #smes #data #tech #cybersecurity #sgtech #transformlifesg #jenetalksdigitaltrust