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Cybercriminals behind the Gigabud Android banking trojan are using a weaponised app-cloning tool to isolate fraudulent banking activity from malware alerts, according to research published by Group-IB on September 9. The cybersecurity company said Gigabud is being paired with Vwork, a modified fork of the open-source Android application Shelter, to create a separate Work Profile and place banking applications inside it. Group-IB attributed both Gigabud and Vwork […]

Cybercriminals are distributing fake Grand Theft Auto VI downloads that install remote-access trojans, an information stealer and destructive ransomware, putting gamers’ passwords, Discord accounts and cryptocurrency data at risk. Cybersecurity firm Huntress said it identified malicious optical-disc image files masquerading as leaked copies of Rockstar Games’ forthcoming title across search results, gaming forums, social media and torrent sites. Some files exceed 100GB, but researchers found much of […]

New report, authored by GSMA Intelligence in partnership with Huawei, released at UNESCO’s Digital Learning Week

  • Digital literacy – not coverage – is the main barrier keeping 3.1 billion people offline.
  • AI could potentially widen the digital literacy gap.
  • Bridging the usage gap could boost global GDP by $3.5 trillion from 2023 to 2030.
  • Citing Huawei’s Skills on Wheels initiative, the report urges policymakers, telcos, and tech vendors to treat AI literacy as critical infrastructure.

PARIS, FRANCE – Media OutReach Newswire – 10 September 2026 – More than one in three (38%) people remains offline despite being covered by mobile broadband – and a lack of digital literacy skills is often to blame, according to new research published today.

Closing Digital Literacy Gap Could Unlock Trillions of Dollars in Global GDP Growth

The new report, “Bridging the Divide: Enhancing Digital Literacy in the AI Era,” authored by GSMA Intelligence and produced in collaboration with Huawei, identifies a digital divide impacting 3.1 billion people caused by a shortage of digital skills, user trust and AI literacy.

AI raises both access and risk

Existing industry projections suggest closing the capability gap could add around $3.5 trillion to global GDP by 2030, with more than 90% of those gains flowing to low- and middle-income countries (LMICs). Physical mobile broadband coverage currently reaches 96% of people worldwide.

The report, unveiled at UNESCO’s Digital Learning Week, suggests artificial intelligence could act as both a bridge and a barrier for underserved communities. AI-powered voice assistants and applications that work with images, audio and video can all help low-literacy users bypass the need to input text. At the same time, they raise the security and critical-thinking standards required to participate safely. However, the study warns that users must now be able to understand data privacy and identify risks such as fraud and deepfakes.

The research cites World Bank statistics that GenAI literacy represents the highest-value skill category, with wage premiums up to 36%, far exceeding returns for both digital and traditional AI skills.

Without targeted interventions in basic digital training, the authors warn, rapid AI adoption risks entrenching existing inequalities even in areas with full network coverage.

Mobile classrooms build skills in remote areas

Digital inclusion initiatives typically target those most at risk of digital exclusion, including rural and remote communities, children and teachers in rural schools, older people, and women and girls.

The report emphasizes the need for community-based delivery models, citing Huawei’s Skills on Wheels initiative as a field-tested example — particularly its solar-powered DigiTruck mobile classrooms, which bring hardware, rural connectivity and hands-on training, including AI literacy, to off-grid regions.

Since 2019, training courses delivered by Skills on Wheels projects have reached more than 130,000 people across 21 countries, with more people benefiting indirectly. DigiTruck trainers encourage trainees to share their new skills, which is shown to occur in practice. A report on DigiTruck by Kenya’s Ministry of Information, Communications and Digital Economy shows that 79% of DigiTruck trainees surveyed had passed on their newly acquired digital skills to family members and peers.

Policymakers urged to treat AI literacy as core infrastructure

To bridge the usage gap, the report urges policymakers, telecom operators and technology vendors to work together and focus on four priorities：

  • Treating practical AI awareness, online safety and information verification as a baseline national qualification.
  • Adopting multilingual voice and conversational interfaces across public services to minimise user-side technical hurdles.
  • Scaling up mobile learning units through cross-sector partnerships that combine operator connectivity, vendor technology and local NGO networks.
  • Measuring performance by independent task completion and fraud resilience rather than trainee numbers.

“Digital literacy can no longer be defined by static thresholds,” said Tim Hatt, head of research and consultancy at GSMA Intelligence. “Connectivity alone is insufficient — capabilities, system design and trust must evolve together. To capture this multi-trillion-dollar opportunity, stakeholders must integrate layered AI literacy directly into daily livelihoods through trusted community channels.”

“Mobile classrooms have demonstrated immense value in helping underserved populations break through physical and psychological barriers to technology,” said Gavin Allen, Executive Editor-in-Chief at Huawei. “We will continue working alongside local governments and industry partners to drive digital literacy, ensuring that no one is left behind as we transition into the AI economy.”

A new DigiTruck program will launch in France this autumn, covering several cities in the Île-de-France region and targeting low-income and underserved communities with digital skills training.

The full report is available on the GSMA Intelligence research portal:
https://www.gsmaintelligence.com/research/bridging-the-divide-enhancing-digital-literacy-in-the-ai-era

FAQ

Q1: What is the main purpose of this report?
A: The report analyzes the critical importance of enhancing digital skills in the AI era, highlighting digital literacy as a layered and evolving capability. It calls on all stakeholders to collaborate in accelerating global digital inclusion and skill development.

Q2: What does it mean for policymakers to treat “AI literacy as core infrastructure”?
A: It means shifting policy focus from just building physical base stations to funding human capabilities. The report urges governments to integrate baseline AI awareness, online security, and media verification into national qualification frameworks, treating digital skills as an essential public utility alongside electricity and broadband.

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

Cybercriminals are combining fake Google CAPTCHA prompts, WebDAV-hosted DLLs, malicious Cloudflare Workers and BNB Smart Chain contracts in a multi-stage operation that deploys the Amatera information stealer and other payloads, according to new research from Cisco Talos. The investigation began after Talos identified unusual endpoint activity at a Ukrainian government organisation in April 2026. A remote file disguised as “verification. google” was executed from a WebDAV path […]

A Russian state-linked cyber-espionage group has deployed a newly documented Windows backdoor, HOOKEDGE, against government, diplomatic and defence-related organisations in Romania, Spain and Türkiye, according to threat intelligence published in late August. Researchers at Recorded Future’s Insikt Group said the activity ran from late September 2025 to early April 2026 and was attributed with moderate confidence to BlueDelta, a cluster that overlaps with APT28, Fancy Bear and […]

A Russian national accused of helping infect about 80,000 freelance workers with malware has been extradited to the United States and placed in federal custody after appearing in court in San Francisco. Searzhudin Tamirlanovich Aktulaev, 40, was arrested in Cyprus in May 2025 and extradited on August 28, 2026, the US Department of Justice said. He made his initial appearance in federal court on August 31, where […]

Cybersecurity investigators have linked a supply-chain attack on three widely used Rust software packages to infrastructure associated with North Korean threat actors, raising fresh concerns over attempts to compromise developers before applications are even built. Malicious versions of arrayref, internment and append-only-vec were published on crates. io, the official package registry for the Rust programming language, on August 20. The altered releases introduced a dependency called proc-macro1, […]

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Autonomous AI Attack-and-Defence Demonstrates Next-Generation Cybersecurity Talent and Advance Regional Digital Security Talent Development

HONG KONG SAR – Media OutReach Newswire – 23 August 2026 – The AI x Cybersecurity Challenge, jointly organised by the Digital Policy Office of the Hong Kong Special Administrative Region Government, the Chinese Academy of Cyberspace Studies, the Hong Kong Cybersecurity Professional Association, and China Mobile Hong Kong Company Limited, and co-organised by Hong Kong Cyberport Management Company Limited, the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force, the Hong Kong Productivity Council, Venustech Group Inc., and Hong Kong Cloud Peak Technology Co., Limited, held the Finals today.

Following a 12-hour online qualifying round, a total of 40 teams advanced to the Final Competition, including 20 teams from the Chinese Mainland, 18 from Hong Kong, and two from overseas regions. The Challenge adopts an innovative AI-Driven Dual (AID) competition format, in which artificial intelligence (AI) executes the competition and enables autonomous defence by AI agents. Teams of up to three members showcase their capabilities in leveraging AI technologies for automated vulnerability discovery and exploitation, competing for total prize money of HK$180,000.

The event brings together representatives from Government, industry, academia and research organisations to witness the latest developments in AI-powered cybersecurity innovation. Officiating guests at the Opening Ceremony included Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry, Mr LI Shuguang, Director-General of the General Office of the Liaison Office of the Central People’s Government in the HKSAR, Mr WANG Jiang, Director-General of the Chinese Academy of Cyberspace Studies, Mr Daniel CHEUNG, JP, Acting Commissioner for Digital Policy, Mr WANG Minwei, Deputy Director of the Cyberspace Administration of Guangdong Province, Dr Rocky CHENG, JP, President of the Hong Kong Cybersecurity Professional Association, and Ms SHI Xiaoping, Director and Chief Executive Officer of China Mobile Hong Kong Company Limited.

In his opening remarks, the Secretary for Innovation, Technology and Industry, Professor Sun Dong, said that AI is reshaping every aspect of people’s life at a breathtaking speed. He noted that although innovation may at times bring new threats, these same technologies can also spur defensive capabilities. As such, the Government champions an “AI versus AI” strategy, leveraging AI to forge the strongest shields to effectively manage risks associated with the use of AI.

Professor Sun added that the Government is continuously strengthening related policies, guidelines and ethical frameworks, as well as conducting regular cyber-attack-and-defence drills to better prepare for cybersecurity readiness. Through multi-pronged efforts, the Government hopes to guide society to apply AI responsibly, foster a healthy ecosystem, and strengthen city-wide resilience in face of cyber attacks.

Addressing AI-Era Cybersecurity Challenges Through Talent Development

The rapid advancement of AI is reshaping the global cybersecurity landscape. AI has evolved from a supporting tool for security analysis and threat monitoring into a technology capable of autonomously constructing attack chains and bypassing existing defence mechanisms. This has significantly lowered the technical barriers to cyberattacks, making sophisticated attack techniques more automated and accessible. Threat actors can leverage AI for intelligent vulnerability discovery, automated penetration testing, and even the creation of highly convincing deepfake content, enabling stealthier and more persistent cyberattacks.

As emerging threats such as model security risks, data poisoning, model theft, phishing attacks, supply chain vulnerabilities and automated exploitation continue to evolve, the demand for interdisciplinary talent with expertise in both AI and cybersecurity is becoming increasingly urgent. In response, the organisers aim to promote the practical application of AI technologies through this hands-on competition while cultivating a new generation of cybersecurity professionals equipped with cross-disciplinary expertise.

AI-Driven Attack-and-Defence Competition Platform

Unlike traditional Capture the Flag (CTF) competitions, this year’s Challenge adopts an innovative AI-Driven (AID) competition format. Participating teams leverage AI-powered automated systems to analyse the competition environment provided by the organisers, identify vulnerabilities and exploit them. The automated capabilities of the AI agents include information gathering, vulnerability discovery and flag submission. The competition environment incorporates both vulnerabilities found in real-world scenarios and simulated zero-day vulnerabilities that may exist in software systems.

The challenge design draws on concepts from international cybersecurity competitions and incorporates practical operating scenarios as well as simulated zero-day attack-and-defence environments, testing participants’ ability to apply AI technologies to real-world cybersecurity challenges. The Challenge aims to enhance participants’ practical attack-and-defence experience and innovation capabilities, promote the research and application of AI security technologies, and nurture a new generation of cybersecurity talent equipped with both strategic vision and practical expertise. Through these efforts, the competition seeks to strengthen capabilities in addressing AI-driven cyber threats.

Government, Industry, Academia and Research Communities Join Forces to Advance AI Security

This year’s Challenge brings together stakeholders from government, industry and research institutions to drive innovation in AI security technologies, strengthen cybersecurity capabilities and cultivate future talent.

Mr Wang Jiang, Director-General of the Chinese Academy of Cyberspace Studies, said, “AI technologies are reshaping the global cyber attack-and-defence landscape. While they lower the barriers to cyberattacks, they also drive the evolution of security protection from reactive response to proactive and intelligent defence. In this technological contest, using technology to counter technology has become an inevitable trend. By focusing on practical AI attack-and-defence capabilities, this competition aims to identify emerging talent and contribute to building a more trustworthy and intelligent cyberspace.”

Ms Shi Xiaoping, Director and Chief Executive Officer of China Mobile Hong Kong Company Limited, said, “As one of the organisers of this competition, China Mobile Hong Kong has devoted substantial resources to building an innovative AI attack-and-defence competition platform. Through continuous technology investment and ecosystem development, we actively fulfil our corporate social responsibility while showcasing Hong Kong’s innovation and leadership in AI cybersecurity to the world.”

Dr Rocky CHENG, JP, President of the Hong Kong Cybersecurity Professional Association, concluded, “AI-driven cyberattacks and agentic AI-related risks have emerged as some of the most significant cybersecurity threats today. Against this backdrop, cultivating interdisciplinary talent with expertise in AI system design, development and practical attack-and-defence capabilities has become an important pillar in strengthening Hong Kong’s overall cyber resilience.”

The Awards Presentation Ceremony will be held in late September 2026 during the China Cybersecurity Week to recognise teams that have demonstrated outstanding performance in the competition. The organisers encourage enterprises and organisations to continuously strengthen their cybersecurity governance, regularly review information system risks, enhance data protection measures and improve cyber incident response capabilities. Young talents are also encouraged to pursue opportunities in artificial intelligence and cybersecurity, developing their expertise through training, professional certifications and hands-on competitions. Members of the public and organisations may also make use of the cybersecurity information, training programmes and support services provided by the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) and other relevant organisations, helping to foster a safer, more secure and trustworthy digital ecosystem.

Please download the high-res photos HERE.

Photo Captions:

1. The Finals of the AI x Cybersecurity Challenge.
2. Officiating guests, including Dr Rocky CHENG, JP, President of the Hong Kong Cybersecurity Professional Association,Mr Daniel CHEUNG, JP, Acting Commissioner for Digital Policy, Mr LI Shuguang, Director-General of the General Office of the Liaison Office of the Central People’s Government in the HKSAR, Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry, Mr Wang Jiang, Director-General of the Chinese Academy of Cyberspace Studies, Mr WANG Minwei, Deputy Director of the Cyberspace Administration of Guangdong Province and Ms Shi Xiaoping, Director and Chief Executive Officer of China Mobile Hong Kong Company Limited (from left to right) preside over the launch ceremony of the AI x Cybersecurity Challenge, marking the official commencement of the competition.

3. Officiating guests and representatives of the organisers and co-organisers, including Hong Kong Productivity Council, pose for a group photo at the Opening Ceremony, demonstrating their shared commitment to advancing innovation in AI and cybersecurity and nurturing regional AI security talent.

4. Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry, delivers a speech at the Opening Ceremony, pointing out that AI is reshaping every aspect of people’s life at a breathtaking speed. He noted that although innovation may at times bring new threats, these same technologies can also spur defensive capabilities. As such, the Government champions an “AI versus AI” strategy, leveraging AI to forge the strongest shields to effectively manage risks associated with the use of AI.

5. The 40 finalist teams showcase innovative AI-driven cybersecurity technologies by independently designing and deploying autonomous AI agents to compete in a simulated attack-and-defence environment.

The issuer is solely responsible for the content of this announcement.

About Hong Kong Computer Emergency Response Team Coordination Centre

Managed by the Hong Kong Productivity Council (HKPC), Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) is the centre for coordination of computer security incident response for local enterprises and Internet Users. Its missions are to facilitate information disseminating, provide advices on preventive measures against security threats and to promote information security awareness.

HKCERT collaborates with local bodies to collect and disseminate information, and coordinate response actions. HKCERT is also a member of the Forum of Incident Response and Security Teams (FIRST) and the Asia Pacific Computer Emergency Response Team (APCERT). We exchange information with other CERTs and act as a point of contact on cross-border security incidents.

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: .

ToxicPanda 2.0 has emerged as a substantially upgraded Android banking Trojan capable of stealing PINs, harvesting financial credentials and remotely manipulating compromised smartphones, extending its potential targets to hundreds of banking, payment and cryptocurrency applications worldwide. The malware now carries a dedicated PIN-harvesting mechanism aimed at more than 140 banking and cryptocurrency applications. Its wider phishing system can deploy credential-stealing overlays against 349 banking, financial, e-wallet and […]

SafePal has warned nearly 40,000 customers that their personal information was exposed after attackers exploited a flaw in an order-tracking system, creating a heightened risk of targeted phishing and impersonation attacks against cryptocurrency holders. The cryptocurrency wallet provider said information belonging to approximately 39,798 customers was accessed without authorisation. The affected records covered purchases made between March 2, 2025 and April 11, 2026 and contained names, email […]

A newly analysed macOS information-stealing malware is targeting cryptocurrency holdings, passwords and Apple Keychain data after victims are tricked into executing malicious commands through ClickFix social-engineering attacks. The malware, written in the Go programming language and compiled as a native Mach-O executable, can steal browser credentials and cached authentication data while also manipulating cryptocurrency transactions. Its most unusual capability allows operators to siphon either part or all […]

The FBI and NCAA have launched a joint effort to protect college athletes from hackers seeking private images and using stolen material for sexual exploitation, blackmail and online harassment. The initiative follows growing concern that athletes’ highly visible digital profiles are giving criminals more opportunities to identify targets, compromise accounts and obtain intimate photographs or videos. Attackers commonly use phishing messages, stolen or guessed passwords and PINs, […]

SINGAPORE – Media OutReach Newswire – 12 August 2026 – Allianz Insurance Singapore Pte. Ltd. (“Allianz”) has renamed its personal cyber insurance product from Allianz Cyber360 Protect to Allianz Scam Protect, ensuring the product’s name immediately communicates what it does: protect Singaporeans financially when they fall victim to scams.

Earlier this year, Singaporean drivers crossing into Malaysia began receiving SMSes that appeared to come from a government transport agency, claiming they had outstanding road charges to settle. Those who clicked the link and entered their payment details had their banking credentials stolen — at least 10 victims lost a combined S$24,000. Around the same time, a separate wave of phishing messages impersonating a well-known delivery service tricked victims into making payments for fake parcel notifications, resulting in another S$22,000 in losses.

These are the kinds of everyday scams — a convincing text message, a familiar brand name, a moment of inattention — that Allianz Scam Protect is designed to cover. In the first three months of 2026 alone, more than 7,800 scam cases were reported in Singapore with losses exceeding S$144.4 million. Singapore has now lost more than S$4 billion to scams since 2019.

The name change reflects how Singaporeans actually talk about these incidents. When someone loses money after clicking a phishing link in an SMS, they don’t think of it as a “cyber incident” — they call it what it is: a scam. By renaming the product, Allianz ensures that every Singaporean searching for protection against scams can find it immediately. The coverage hasn’t changed — but the name now speaks the same language as the people it protects.

Allianz Scam Protect covers financial losses from phishing, smishing, stolen payment credentials, and unauthorised transactions (up to S$25,000 for Gold; up to S$60,000 for Platinum), as well as online shopping disputes involving undelivered, damaged, or incorrect items. Existing policyholders will see the updated name at their next renewal — no action is required.

Allianz Scam Protect is available from S$8.91 per month at www.allianz.sg and through Allianz’s network of authorised distribution partners. For enquiries, customers may contact the Allianz Customer Service Team at +65 6222 1919 (Monday to Friday, 9am–5pm, excluding public holidays).

Coverage is subject to the terms, conditions, and exclusions of the Allianz Scam Protect policy. Please refer to the Policy Wording for full details. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). This advertisement has not been reviewed by the Monetary Authority of Singapore.

Hashtag: #AllianzInsuranceSingapore




The issuer is solely responsible for the content of this announcement.

About Allianz Insurance Singapore Pte. Ltd.

At Allianz Insurance Singapore, we aim to secure the future and create a positive impact on society and the environment by leveraging our expertise in risk management. As we work toward strengthening our position as one of Singapore’s leading risk solutions providers, we deliver innovative and customer‑focused protection solutions for individuals, SMEs, and mid‑corporate clients – spanning Motor, Home Content, Travel, Personal Accident, Cancer, Hospital Income, and a comprehensive suite of commercial insurance offerings.

Dubai-based cryptocurrency exchange Bybit has filed a civil lawsuit against North Korea and the Lazarus Group over the $1.5 billion cyberattack that emptied one of its wallets in February 2025, escalating its effort to recover assets from the largest cryptocurrency theft on record. The exchange has also secured a preliminary injunction from the US District Court for the District of Columbia that freezes identified digital assets linked […]

Valve has warned Steam hardware customers across Europe that their personal and order information was likely stolen during a cyberattack on CEVA Logistics, the company responsible for distributing its physical products in the region. The attack gave intruders access to CEVA systems between July 29 and August 1, 2026. Valve learned on August 7 that information belonging to its customers was among the data potentially compromised. The […]

A coordinated campaign involving 77 counterfeit extensions on the Open VSX Registry exposed sensitive information about developer machines, Git repositories and continuous integration environments, highlighting a growing software supply-chain risk around code-editor plugins. The extensions appeared between July 26 and August 1 and impersonated legitimate tools available through the Visual Studio Code ecosystem. All 77 had been removed from Open VSX by August 3, but security specialists […]

A WhatsApp account takeover scam is spreading through messages that ask users to vote for a friend or relative in an online competition, before covertly linking the victim’s account to a device controlled by criminals. The attack often begins with a message from a familiar contact whose account has already been compromised. The recipient is asked to support someone participating in a dance contest, school competition, pet […]

Microsoft has warned travellers and organisations about a Russian state-linked cyberespionage campaign that manipulates hotel and venue Wi-Fi networks to steal credentials, compromise cloud accounts and install surveillance malware. The operation, named CaptiveCrunch, has been active since early May and is attributed to Storm-2945, an operational subgroup of Midnight Blizzard. The wider hacking organisation, also known as APT29 and Cozy Bear, has been linked by the United […]

A newly identified malware operation has used a counterfeit Python component to bypass security scrutiny, disable parts of Microsoft Defender and establish persistent remote access inside a law firm’s network. The intrusion compromised two endpoints after employees received spear-phishing emails directing them to an encrypted archive hosted on the Mega file-sharing service. The archive contained a malicious Windows shortcut named “Case Documents”, designed to resemble material connected […]

As the global watch industry slows and fraud risks in the secondary channel draw public attention, Times Avenue is among Singapore’s secondhand luxury watch specialists seeing sustained growth on the back of shifting buyer preferences and tightening consumer scrutiny

SINGAPORE – Media OutReach Newswire – 3 August 2026 – Times Avenue by Horology Maison marks its five-year anniversary in 2026, as Singapore’s pre-owned luxury watch market expands amid a broader slowdown in the global watch industry.

Licensed Watch Dealer Times Avenue Marks Five Years amid Singapore's Pre-Owned Watch Market Growth

A Growing Secondary Market and the Case for Regulated Dealers
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded references by transaction value, recorded its best half-year performance since early 2022 in the first half of 2025, reflecting a broader shift in buyer preference towards the secondary channel.

The growth of the pre-owned segment has been driven by a combination of factors, including tighter supply of popular references at authorised dealers, record gold prices lifting new watch retail costs, and a shift among buyers towards immediate availability and market-reflective pricing.

Founded in 2020, Times Avenue has grown alongside this trend, transacting more than 3,000 authenticated timepieces from its Beach Road boutique over its first five years of operation. The boutique’s inventory is weighted towards luxury Swiss timepieces including Rolex, Patek Philippe, Audemars Piguet, Tudor and Cartier, with a focus on sought-after references that are typically subject to long waiting lists in the primary market.

At the same time, authentication and fraud risks in the secondary channel have drawn public attention, including the recent prosecution of an Italian national who attempted to trade a “fake” Rolex GMT Saru at a Singapore retailer. Both developments underline the importance of sourcing from licensed, regulated dealers.

Licensed secondhand goods dealers like Times Avenue operate under frameworks that impose customer due diligence, transaction reporting, record-keeping, and stock movement obligations. Exempted by the Singapore Police Force and a fully regulated dealer under the Ministry of Law, Times Avenue ensures that every watch sold undergoes rigorous in-house authentication before it reaches the client, and each piece is covered by an in-house warranty, giving buyers assurance of authenticity for every transaction.

Times Avenue also offers in-person buying from the public, trade-ins, consignment, and authentication, alongside retail, covering both the acquisition and resale ends of the secondary market.

Clients and prospective buyers can view current inventory, arrange private viewings, or request a sourcing consultation at https://horologymaison.com/contact-us/.
Hashtag: #TimesAvenue #PreOwnedWatches #LuxuryWatchesSingapore #WatchCollector #HorologyMaison




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The issuer is solely responsible for the content of this announcement.

Times Avenue by Horology Maison

Times Avenue by Horology Maison is a Singapore-based luxury watch grey dealer established in 2021, offering authenticated new and pre-owned timepieces from , Patek Philippe, Audemars Piguet, Tudor, Cartier and other leading maisons. The company provides retail, buying, trade-in, consignment, sourcing and authentication services from its boutique at 371 Beach Road #02-55 City Gate, Singapore 199597. Times Avenue by Horology Maison is registered with the Ministry of Law as a Regulated Dealer (Registration No. PS20220002864) and holds SPF Exempted Second-Hand Goods Dealer status.

Google has withdrawn an experimental image-generation feature from Google Earth after users demonstrated how easily it could fabricate convincing scenes of wars, disasters and sensitive security installations. The tool allowed people to select a location in the web version of Google Earth and transform its satellite, aerial or three-dimensional imagery through written prompts. Within seconds, ordinary neighbourhoods could appear bombed, flooded or occupied by military forces, creating […]

LogoKit has evolved into a cloud-based phishing platform capable of constructing customised fake login pages for individual victims as soon as they click a malicious link. The kit uses a person’s email domain to identify their organisation, retrieve authentic branding and capture an image of the organisation’s genuine website. The material is then assembled into a convincing credential-harvesting page designed to resemble the victim’s familiar online environment. […]

Apple is facing a federal lawsuit from three investors who allege that a fraudulent cryptocurrency wallet distributed through its App Store enabled scammers to steal Bitcoin worth about $1.8 million. The complaint, filed on July 24 in the US District Court for the Northern District of California, accuses Apple of negligence, misrepresentation and failing to adequately review or monitor applications offered through its tightly controlled digital marketplace. […]

The Supreme Court has urged Parliament to create distinct criminal offences for “digital arrest” scams and artificial intelligence-generated deepfakes, warning that existing laws do not adequately address technology-enabled fraud that has cost citizens about ₹54,000 crore over six years. Solicitor General Tushar Mehta told a bench headed by Chief Justice Surya Kant that the Centre was preparing legislation covering digital arrests, deepfakes and related cyber offences. The […]

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