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DEKRA continues on a path of growth and transformation

Future-oriented business model ensures successful fiscal year 2024

  • Revenue and EBIT increased again in 2024, despite a volatile environment
  • Number of core employees grew further
  • DEKRA is very well positioned in its 100th anniversary year as it successfully transforms from a traditional vehicle inspection provider into a leading independent expert for digital and software-defined mobility

STUTTGART, Germany, April 14, 2025 /PRNewswire/ — DEKRA remained on track in 2024, again growing its business in a volatile economic and geopolitical environment. Global revenues increased by 4.7% to 4.29 billion euros, rising by 7% in the core business—excluding temporary work. EBIT improved by 4.2% to 266 million euros, while EBITDA rose by 5.4% to 480.1 million euros. Moreover, DEKRA’s core workforce grew by 800 employees to around 33,000. In total, some 48,000 experts work for the world’s leading non-listed testing, inspection, and certification organization.

“Thanks to our future-oriented business model, we were able to ensure robust revenue and earnings growth in another year of substantial economic tensions. The decision to focus on the key megatrends of Future Mobility, Sustainability, Cybersecurity, and Artificial Intelligence with our ‘Strategy 2025’ was essential to our economic success in 2024,” said DEKRA CEO Stan Zurkiewicz at the company’s Annual Press Conference at its headquarters in Stuttgart, Germany.

“Our people are our greatest asset. That is why we are proud to have continued expanding DEKRA’s core employee base in turbulent times like these,” added DEKRA CFO and Human Resources director Wolfgang Linsenmaier. “This is strong testimony to the resilience of DEKRA’s business model and our clear-cut ambitions going forward.”

Read the full version here: https://www.dekra.co.jp/en/dekra-continues-on-a-path-of-growth-and-transformation/

About DEKRA

For 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

Radisson Hotel Group launches “Esports Ready” to offer the ultimate hospitality solution for esports teams

BRUSSELS, April 14, 2025 /PRNewswire/ — Radisson Hotel Group has unveiled “Esports Ready by Radisson Hotels” – a brand-new program set to offer esports teams, players and organizers carefully curated services and amenities designed to keep them focused, motivated, and prepared to perform at their best.

Esports Ready by Radisson Hotels
Esports Ready by Radisson Hotels

Developed in partnership with Spacefwd – a leader in esports and gaming expertise – Esports Ready by Radisson Hotels sets a new standard in esports hospitality by combining Spacefwd’s prowess with Radisson Hotel Group’s exceptional service, reliability, and sustainability.

With the launch of Esports Ready by Radisson Hotels, Radisson Hotel Group stays ahead of the competition and taps into a lucrative market and growing industry. Reports indicate that the global esports market is rapidly expanding, with projections expecting the market to surge to USD 13.7 billion by 2032 globally, and particularly in the Asia-Pacific and Middle East & Africa regions.

Radisson Hotel Group understands the unique demands of esports teams and event organizers and has already lined up over 100 Esports Ready properties that provide the ideal environment, architecture, and flexibility needed for esports teams to perform at the highest level. Hotels such as Radisson Blu Hotel, Cologne, Radisson Blu Hotel, Antwerp City Centre, Radisson RED Galway, Radisson Collection Royal Hotel, Copenhagen, Radisson Blu Plaza Hotel, Delhi Airport and Radisson Blu Plaza Hotel, Bangkok among many others are all ready to support esports teams every step of the way. From regional competitions to international tournaments, Radisson Hotel Group’s properties provide esports teams and managers with seamless service, specialized amenities, and modern spaces, designed specifically for competitive gaming needs.

Angela Graun, VP Sales Operations, Radisson Hotel Group, says: “The high-stakes world of esports means every second counts, and every detail matters. Radisson Hotel Group understands the unique challenges the industry faces when it comes to demanding travel schedules, unpredictable practice times, the need for seamless and reliable connectivity and secure, functional spaces to strategize and unwind. With Esports Ready by Radisson Hotels, we can help overcome these hurdles impacting performance and event success. Thanks to our diverse global portfolio of thoughtfully designed properties, Radisson Hotel Group can cater to the specific needs of esports travelers and create seamless experiences that facilitate esports success.”

Endorsed by Spacefwd, Esports Ready hotels provide options and upgrades optimized to meet the demands of esports professionals such as:

  • Seamless Connectivity: 500/500 Mbps symmetric internet with 100% uptime, cabled connections, and backup lines for flawless gameplay and broadcasts.
  • Flexible Services: Early check-ins, late check-outs, 24/7 gym access, to-go meal options and more flexible catering to match the demanding schedules of esports athletes.
  • Team-Centric Spaces: Private gaming rooms, lounges, and secure storage—all conveniently located near team accommodations.
  • Exclusive Perks: Guests can benefit from a 15% discount on Best Available Rates, Radisson Rewards VIP status, flexible cancellation, and customizable packages for esports teams and events.

Radisson Hotel Group continues to be a pioneer in the industry and its latest offering – Esports Ready by Radisson Hotels – is a testament to its commitment to innovation and providing memorable guest experiences. Looking ahead, the Group plans to roll out the program across its global portfolio to continue to redefine hospitality for esports professionals.

For more information and to book, click here.

Watch here a video on Esports Ready by Radisson Hotels: https://www.youtube.com/watch?v=KdBUKukAcXk

RADISSON HOTEL GROUP 

Radisson Hotel Group is a rapidly expanding international hotel group, operating in EMEA and APAC with over 1,460 hotels in operation and under development in +100 countries. The Group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos. 

The Radisson family of brands portfolio includes Radisson Collection, art’otel, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and Prize by Radisson brought together under one commercial umbrella brand Radisson Hotels.  

Radisson Rewards is Radisson Hotel Group’s loyalty program, which delivers an elevated experience that makes Every Moment Matter, counting more than 20 million members. As the most streamlined program in the sector, members enjoy exceptional advantages and can access their benefits from day one across a wide range of hotels in Europe, Middle East, Africa, and Asia Pacific. 

Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely Carbon Compensated.  

At Radisson Hotel Group we care for people, communities and planet and aim to be Net Zero by 2050 based on the approved Science Based Targets. With unique solutions such as carbon compensated Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all our hotels are becoming verified on Hotel Sustainability Basics. 

The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group’s portfolio are subject to health and safety requirements, ensuring we always care for our guests and team members. 

For more information, visit our corporate website. Or connect with Radisson Hotels on: 

LinkedIn | Instagram | X | Facebook | YouTube | TikTok 

 

Longbridge now supports US fractional shares trading – own US stocks for just $1

HONG KONG, April 11, 2025 /PRNewswire/ — Longbridge Securities (Longbridge) has officially launched its US fractional shares trading service. Investors can now build positions in US stocks like Apple and Tesla with investments as low as $1, significantly lowering the barrier to entry while enabling more flexible portfolio strategies.

Fractional shares trading: making investing accessible

Traditional stock markets have long imposed whole-share trading requirements, where purchasing a single share of high-priced stocks often requires hundreds or even thousands of dollars, raising the entry threshold for investors with limited capital. US fractional shares trading breaking through these limitations by allowing investors to buy stocks by dollar amount or fractional shares. For long-term investors, fractional trading provides more flexible asset allocation strategies, enabling them to adjust their portfolios without being constrained by stock prices or whole-share trading rules.

Furthermore, fractional shares trading helps investors better manage market fluctuations. Investors can build positions gradually based on their risk tolerance and market conditions, making smarter use of their capital. As investing becomes increasingly accessible worldwide, fractional shares provide beginners with an easy entry point to the US market, while enabling experienced investors fine-tune their strategies with greater precision – further enhancing capital flexibility.

Invest in US stocks for as low as $1 with Longbridge

Longbridge’s US fractional shares trading service covers a wide range of popular US stocks. Investors can easily explore eligible stocks through the “Classify” section under the “Market” tab in the Longbridge App, or identify supported stocks by looking for the “fractional share” icon on the stock detail page. 

The Longbridge App offers two order placement options: investors can either enter a specific fractional quantity to place an order, or select “Amount” to input the dollar value they wish to invest. The system will automatically calculate the corresponding number of shares based on the current share price. This helps investors precisely match their budgets and simplifies the trading process. To further reduce trading costs and help investors maximize their returns, all US fractional share trades on Longbridge enjoy $0 commission. Additionally, to ensure real-time execution, fractional shares trading is currently supported only during regular US market hours.

A Longbridge spokesperson stated, “We believe fractional shares trading lowers the entry barrier to the US stock market and enables more precise asset allocation. Whether you’re a first-time investor or a seasoned trader with diversified needs, fractional trading offers a flexible and efficient way to tailor your portfolio to your financial goals.” In addition, Longbridge offers lifetime $0 commission for Hong Kong and US stocks, further reducing trading costs and supporting long-term wealth growth for investors. 

For more details about our US fractional shares trading, please visit: https://support.longbridge.hk/topics/us-trade/fractional-shares?locale=zh-HK or contact Longbridge customer service hotline at: +852 3851 1777.

About us

Longbridge is a next-generation internet brokerage serving global investors. The company connects the key stages of investing—Discovery → Recognition → Trading—to deliver a secure, efficient, and reliable global investment experience. Longbridge Securities (Hong Kong) Limited (CE No: BPX066) holds Type 1, 2, 4, and 9 licenses from the Hong Kong Securities and Futures Commission, allowing it to provide securities trading, futures trading, investment advisory services, and asset management.

Disclaimer

The execution speed and price of fractional share trades may be less favorable than those of whole-lot share trades. Longbridge does not guarantee that trades will be executed at the best transaction price. Generally, stocks with higher liquidity are more likely to be successfully traded in fractional shares. Fractional share orders only support limit and market orders; conditional orders and grid orders are currently not supported. Fractional share trading for U.S. stocks is only available during regular trading hours, from 9:30 AM to 4:00 PM (ET). On half trading days, trading hours are from 9:30 AM to 1:00 PM (ET). Short selling is not permitted for fractional shares trading in Long Bridge HK Limited. The functions of Fractional shares trading in Long Bridge HK Limited also support unified buying power, and financing interest rates are the same as whole-lot share trades. Modifications to U.S. fractional share orders are currently not supported; to make changes, clients must cancel the existing order and place a new one. Mandatory corporate actions such as dividend distributions and stock splits are supported. Voluntary corporate actions such as rights issues or cash offers are not supported. The operational procedures remain unchanged. In the event of stock splits or reverse splits, clients may receive fractional shares.

Risk Disclosure

Securities trading does not necessarily result in a profit and involves various risks, including the risk of loss of principal. Additionally, losses arising from margin financing by pledging collateral may be substantial. The losses incurred by clients may exceed the cash and any other assets deposited with Longbridge as collateral. Clients may be required to deposit additional margin or pay interest within a short period, failing which their collateral may be sold without prior consent. Before making any investment decision, clients should carefully consider, in light of their financial situation and investment objectives, whether the investment is suitable for their individual circumstances. It is advisable to seek independent investment advice in advance. The information contained herein is compiled by the Company from sources believed to be accurate. Longbridge accepts no liability for any loss or damage arising from the use of this document. The content is for reference only, is not legally binding, and does not constitute investment advice or a solicitation to buy or sell any product.

MGI Tech Celebrates 10 Years of DNBSEQ™ Technology: Driving Genomics Forward with Speed, Scale, and Accessibility

SHENZHEN, China, April 14, 2025 /PRNewswire/ — MGI Tech Co., Ltd. (“MGI”), a company committed to building core tools and technologies that drive innovation in life science, proudly marks a decade since the commercialization of its proprietary DNBSEQ™ sequencing technology. Over the past ten years, DNBSEQ™ has transformed the landscape of genomics by delivering high-performance, cost-effective sequencing solutions that empower scientists, clinicians, and innovators across the globe.

First commercial launched in 2015, DNBSEQ™ has become a trusted platform for cutting-edge research and diagnostics—spanning over 3,900 installations worldwide and contributing to more than 10,900 peer-reviewed publications*. Today, DNBSEQ™ continues to stand at the forefront of sequencing innovation, driving progress in precision medicine, public health, agriculture, biodiversity, and more.

A Decade of Speed and Scale in Innovation

Powered by proprietary DNA nanoball (DNB) technology and patterned arrays, DNBSEQ™ delivers exceptional accuracy, lower duplication rates, and minimal index hopping—resulting in high-quality data at significantly lower cost. These advantages make it an ideal choice for both large-scale studies and sensitive clinical applications.DNBSEQä technology has been widely praised by users for its outstanding data quality and cost-effectiveness in different applications, including whole-genome sequencing (WGS) and whole-exome sequencing (WES). Research has also identified the platform as an excellent candidate for eukaryotic genome sequencing, metagenomic sequencing, bacterial genome research, and more, demonstrating its versatility and reliability across scenarios.

DNBSEQ™ has redefined the speed of innovation in genomic technology, offering the widest range of sequencing throughput and application coverage in the industry. Today, MGI offers a comprehensive portfolio of genetic sequencers based on DNBSEQä under T, G, and E series, including the ultra-high-throughput DNBSEQ-T20×2 which delivered the world’s first sub-$100 human genome; the widely adopted DNBSEQ-T7 for high-throughput versatility; the ultra-compact DNBSEQ-E25 designed for fieldwork and decentralized testing; the benchtop DNBSEQ-G400;and the fastest in its class for mid-to-low throughput sequencing DNBSEQ-G99; MGI’s newest flagship, the DNBSEQ-T1+, represents the latest evolution of this journey—an ultra-fast benchtop sequencer that balances power, speed, and flexibility. It reflects MGI’s ongoing commitment to continuous innovation, empowering researchers to accelerate discovery without compromise.

Enabling Multi-Omics and Real-World Impact

More than a sequencing platform, DNBSEQ™ enables a wide range of multi-omics applications—including genomics, transcriptomics, epigenomics, single-cell, and spatial omics. These capabilities make it a powerful tool across diverse scientific fields, enabling deeper insights into disease mechanisms, environmental interactions, and biological systems.

Proven in extreme environments—from the depths of the Mariana Trench to the peak of Mount Everest—DNBSEQ™ continues to deliver high-quality, reliable results wherever science needs to go.

End-to-End Solutions: Making Science Simpler

MGI complements its sequencing platforms with a suite of automation and BIT tools that deliver a seamless end-to-end workflow—from sample preparation to data analysis. These integrated solutions improve efficiency, reduce manual effort, and bring advanced genomic tools within reach for more users, regardless of lab size or location.

Inspired by the question “What if science had no barriers?”, MGI’s technology ecosystem is designed to remove bottlenecks and lower costs, enabling researchers to focus on discovery—not complexity.

Toward the $10 Genome and a More Equitable Future

As MGI looks to the future, the company is focused on achieving its most ambitious goal yet: the $10 genome. Building on the foundation of DNBSEQ™, MGI is developing next-generation sequencing technologies to further reduce costs, increase accessibility, and accelerate time to insight.

“Over the past decade, DNBSEQ™ has grown from an innovation into a global standard for high-quality, affordable sequencing,” said Dr. Rade Drmanac, Chief Scientific Officer at MGI. “We’ve opened doors for researchers everywhere—and now, we’re building the next chapter in accessible genomics.”

Genomics for All: The Mission Continues

Celebrating 10 years of DNBSEQ™ is more than a technological milestone—it is a reaffirmation of MGI’s mission: to make genomics accessible, affordable, and impactful for all. By delivering the tools that drive discovery, MGI is helping to build a healthier, more informed, and more connected world—one genome at a time.

For more information on DNBSEQ™ technology and MGI’s full product portfolio, visit: https://en.mgi-tech.com

* statistics as of 30 Jun 2024

About MGI 

MGI Tech Co., Ltd.  (or its subsidiaries, together referred to MGI), is committed to building core tools and technologies that drive innovation in life science. Our focus lies in research & development, manufacturing, and sales of instruments, reagents, and related products in the field of life science and biotechnology. We provide real-time, multi-omics, and full spectrum of digital equipment and systems for precision medicine, agriculture, healthcare and various other industries. Founded in 2016, MGI has grown into a leader in life science, serving customers across six continents and have established research, manufacturing, training, and after-sales service facilities globally. MGI stands out as one of the few companies capable of independently developing and mass-producing clinical-grade gene sequencers with varying throughput capacities, ranging from Gb to Tb levels. With unparalleled expertise, cutting-edge products, and a commitment to global impact, MGI continues to shape the trajectory of life sciences into the future. To learn more, please visit https://en.mgi-tech.com/ , Linkedin, X, and Youtube.  

CMEF Shanghai 2025 Wraps Up in Shanghai with Record-Breaking Innovations and Global Participation

SHANGHAI, April 14, 2025 /PRNewswire/ — The 91st China International Medical Equipment Fair (CMEF) concluded on April 11, 2025, in Shanghai, after featuring groundbreaking medical technologies from nearly 5,000 exhibitors and attracting hundreds of thousands of attendees from more than 150 countries.

CMEF has evolved into a premier international medical exhibition covering the entire spectrum of medical devices. Several specialized shows were held concurrently with CMEF including the International Component Manufacturing & Design Show (ICMD), China International Rehabilitation and Personal Health Show (CRS), and China International Elderly Care and Nursing Show (CECN).

Revolutionizing Healthcare: Key Product Launches

CMEF 2025 featured thousands of groundbreaking product launches that are set to transform healthcare delivery. Here are some of the highlights:

  • GE Healthcare introduced SIGNA™ Hero, featuring the Sonic deep learning platform. This MRI system reduces traditional scan times from over an hour to just thirty minutes while enhancing diagnostic accuracy for comprehensive brain and cardiac assessments.
  • United Imaging Healthcare unveiled uAI NEXUSa medical foundation model that merges cutting-edge innovations like DeepSeek with multimodal architectures. Designed as an adaptive, multimodal medical agent, it addresses diverse healthcare challenges.
  • Neusoft Medical unveiled the world’s first ultra-high-definition spiral CT scanner with a detector coverage of 16 cm, NeuViz Epoch Elite. It features exceptional spatial resolution and rapid scanning capabilities that expand its clinical applications.
  • Longwood Valley MedTech presented ROPA, the first orthopedic surgical robot integrated with AI deep learning technology. It offers unprecedented precision in surgery planning based on millions of clinical data points.
  • Sunnyou Medical showcased its multi-channel wireless electroencephalographic (EEG) acquisition system, which offers real-time monitoring and recording of EEG signals and supports various biosensors for comprehensive applications.
  • Mindray officially launched the DigiEye U8, its latest digital radiography (DR) system, marking a breakthrough that fills multiple gaps in in-house innovation.

This edition’s CMEF International Zone featured a new “Novel Product Pavilion” dedicated to showcasing cutting-edge medical technologies from SMEs worldwide. Notable national pavilions included Italy’s Trade Agency (ITA) with leaders in IVD, critical care, and biomedical materials; Pakistan Trade Development Authority (TDAP) debuted at CMEF this spring showing superior surgical instruments.

“This is an extensive event, and I’m truly impressed by the comprehensive range of medical equipment and pharmaceuticals on display. It’s one of the biggest exhibitions I’ve attended—bringing together global innovations in medical technology, healthcare science, and hospital solutions. If you’re looking for exposure to the latest advancements, this is the place to be. It’s a one-stop center for discovering what technology has to offer today.” said Datuk Dr. Kuljit Singh, President of Association of Private Hospital of Malaysia.

CMEF continues its mission as a leading global platform covering all aspects of medical equipment manufacturing by fostering connections between domestic companies seeking global expansion and international brands entering China’s market. Notably, the upcoming tHIS ASEAN event will take place from July 9–11 in Malaysia, while the 92nd CMEF will be held from September 26–29 in Guangzhou.

Splashing into the New Year: A Brief Story Behind Pi Mai Lao

The Story of Pi Mi Lao or Lao New Year

Every April, when the weather hits its peak and the heat sets in, the streets of Laos fill with people, celebration, and plenty of water. It’s Pi Mai Lao — the Lao New Year — a three-day celebration marked by deep-rooted spirituality, joyful chaos, and a reverence for the past, present, and future.

Ready, Set, Renew: PolicyStreet Launches Battle of the Kings Campaign for Myvi, Bezza, & Axia Drivers

Drivers of Malaysia’s top cars can enjoy FREE road tax with PolicyStreet, competing to unlock even more deals through an exclusive flash sale for the winning car model.

KUALA LUMPUR, Malaysia, April 14, 2025 /PRNewswire/ — Ready, set, renew! Malaysia’s favourite cars, the Perodua Myvi, Bezza, and Axia, are going head-to-head in a race like no other as PolicyStreet launches its latest campaign: Battle of the Kings. The campaign features an epic showdown to determine which car model has the savviest drivers when it comes to savings, while giving Malaysians a chance to enjoy meaningful perks for their car insurance and road tax renewals.

Enjoy FREE road tax for Myvi, Bezza, and Axia in the Battle of the Kings—winning model unlocks an exclusive flash sale with even more free road tax up for grabs.
Enjoy FREE road tax for Myvi, Bezza, and Axia in the Battle of the Kings—winning model unlocks an exclusive flash sale with even more free road tax up for grabs.

From now until 30 June, PolicyStreet is offering free road tax for Myvi, Bezza, and Axia owners who sign up for the Drive+ Membership, now available at a special campaign price of RM39.90 (retail price: RM99.90). Every car insurance renewal counts as one point earned for the respective car model. At the end of the race, the car with the most renewals will be crowned the King of Savings and unlock an exclusive flash sale, offering free road tax for other drivers of the winning car model.

“At PolicyStreet, we believe that smart financial decisions should be fun, rewarding, and engaging. ‘Battle of the Kings’ is not just a competition; it’s an opportunity for Malaysian car owners to take advantage of meaningful savings while showcasing their love for their favorite car models. We’re excited to see which team will rise to the top and claim the crown of the ultimate King of Savings!”  says Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.

Aside from bragging rights, participating Myvi, Bezza, or Axia drivers can enjoy added perks like interest-free instalments on car insurance and waived handling fees for road tax when you sign up for the Drive+ Membership. For all other car owners, the membership still offers great value, including the Cheapest Road Tax in Town with up to 80% off road tax (capped at RM72) and exclusive renewal benefits.

To fuel the competitive spirit, PolicyStreet will be publishing monthly leaderboard updates on its social media pages, showcasing which car model is leading in car insurance renewals. This challenge is not just about savings, it’s about pride, community, and proving which group of drivers is the savviest when it comes to managing car-related expenses.

Will Myvi’s legendary fan base dominate, or will Bezza and Axia owners rise to the challenge? Whether you’re renewing for bragging rights or for benefits, it’s time to buckle up, renew, and rally your tribe. Sign up at car.policystreet.com and be part of the race for savings!

About PolicyStreet

PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.

PolicyStreet works directly with over 40 life, general insurers and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.

As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as “Fintech of the Year” at The Asset’s Triple A Digital Awards and was the winner of the Fintech Excellence Award for Financial Inclusion at the Singapore Fintech Festival endorsed by the Monetary Association of Singapore (MAS). The company was also ranked as the second-highest Malaysian company in the “High-Growth Companies in Asia Pacific 2024″ list by Statista and The Financial Times.

Trend Micro Study Reveals Singaporeans’ Dangerous Misconceptions about Scams

Many believe scams are easily spotted or avoided; false sense of security leaves consumers exposed to growing risks

SINGAPORE, April 14, 2025 /PRNewswire/ — Singaporean consumers have a false sense of security around online scams, as revealed in a recent study by Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity. Half of Singapore consumers (50%) are confident in their ability to easily identify scams by looking for grammar or spelling errors, and majority (70%) believe they are safe from text message scams if they avoid clicking on suspicious links. However, scams have evolved significantly—cybercriminals now leverage AI, deepfakes, and advanced social engineering tactics to launch more compelling scams that are much harder to detect.

Scam losses in Singapore reached a record high of S$1.1 billion in 2024, a surge of over 70% compared to the previous year. Yet, many Singaporean consumers continue to underestimate the risks they face by simply being online. More than two in five (42%) think they are only at risk if they overshare online, while nearly four in five (77%) believe they can only be extorted if they share explicit content online. However, given the increasing prevalence of data breaches, Singaporean consumers face a growing risk of losing their personal data to cybercriminals through private channels. This exposes Singaporean consumers to a variety of crimes—from identity theft and impersonation scams to fraud—even without having shared any sensitive information publicly.

The survey further revealed that only 15% of respondents have a secret word or phrase to verify family or friends in emergencies, showing a clear gap between scam awareness and preparedness. This may stem from misconceptions about scam vulnerability; despite younger adults being equally at risk, nearly one in four (24%) still believe only older, less tech-savvy individuals are targeted.

Ashley Millar, Consumer Education Director at Trend Micro: “As cybercriminals adopt AI and other advanced technologies, many consumers remain misinformed about the full extent of the risks they face. At Trend Micro, we’re committed to empowering individuals with tools like Trend Micro ScamCheck to detect emerging threats and protect their data. Education and vigilance are key—consumers must actively stay informed to prevent falling victim to increasingly sophisticated scams.”

Cybercriminals continue to employ increasingly aggressive techniques to target consumers of all ages worldwide. Trend has committed to addressing this problem through:

  • Innovation: Trend Micro ScamCheck helps consumers identify potential scams and growing AI threats like deepfakes.
  • Education: Since 2008, Trend has reached over 5 million people through its curriculum and events. The company will kick off a new webinar series starting early March 2025 dedicated to the issue of fighting scams.
  • Collaboration: Trend is the first foundation partner of GASA and will be a thought leadership sponsor at GASA Summits worldwide in 2025.

Trend’s research was conducted from January 27–February 5 among 1021 consumers in Singapore.

*Global State of Scams Report 2024 – GASA

About Trend Micro 
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s AI-powered cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, Trend’s platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.