SINGAPORE — All major retail banks in Singapore will be required to register their alphanumeric identifications onto the new SMS sender ID protection registry, in the wake of the recent OCBC Bank SMS phishing scam.
Besides all major retail banks, Teo said that all government agencies will also commit to likewise register their alphanumeric IDs onto the protection registry. Teo said that all organisations that want to send SMSes to phone subscribers in Singapore must also have a valid Unique Entity Number to help police with investigations in the event of a scam.
Teo said in her ministerial statement that, while blocking scam websites is part of upstream measures to disrupt scammers’ plans, scam calls and SMSes employ “social engineering” techniques to cause fear and panic among victims to lead them to the fake websites.
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