Why NRIC authentication is flawed – and what’s the alternative?
New security layers are essential when a single data breach can trigger a cascading impact across banks and providers of critical services
AS SCAMMERS become more brash, it is no exaggeration to say that Singapore’s digital economy faces a threat to its continuity and resilience.
Although losses from scams decreased 24.8 per cent in 2025 compared with 2024, the Singapore Police Force revealed on Wednesday (Feb 25) that the figure still stood at an eye-watering S$913.1 million.
Unsurprisingly, this has spurred action, with the Personal Data Protection Commission recently announcing the discontinuation of National Registration Identity Card (NRIC)-based authentication by end-2026.
TRENDING NOW
If Europe goes to war, the fallout will be felt in East Asia
Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status
Keppel seeks US$1 billion for Vietnam investments as it joins country’s international financial centre
Philippines’ FDI slowdown exposes uneven investment prospects across S-E Asia