Filtered by: Cybersecurity
Dr Li Xiaofan, Assistant Professor at NUS researching cryptocurrency and cybersecurity, highlights the challenges of the crypto sector despite its technological potential. He notes that while some use cases exist, rampant speculation and short-term profit motives often overshadow genuine technological development.
Reflecting on past experiences, Dr Li observes that many students drawn to crypto careers are initially excited to work on systems and innovation, only to find that client acquisition and financial gains take precedence. He also points out that the lack of global regulations and the allure of quick returns—exemplified by the 2017 ICO boom—can hinder the industry’s long-term development.
Dr Li’s insights underscore the importance of informed engagement with crypto, balancing enthusiasm with critical awareness.
Professor Hahn Jungpil from NUS Computing was featured in Lianhe Zaobao on consumer fraud in the digital economy, where he commented on how scams are becoming more targeted and sophisticated, particularly towards older consumers. He noted that while seniors in Singapore tend to have higher scam awareness compared to those in other Asia-Pacific countries, they also face greater financial losses when defrauded due to their accumulated assets and the nature of scams such as impersonation of government officials.
He advised businesses to take proactive steps against online fraud, including monitoring for fake websites and social media accounts, clarifying official communication channels, and collaborating with platforms and authorities to swiftly remove impersonators.
