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OCBC phishing scam: Banks should stop using SMS to communicate with customers, experts saySINGAPORE — In the wake of a recent phishing scam involving hundreds of OCBC bank customers, some cybersecurity experts are suggesting that banks here do away with communicating important information such as verification codes via SMS. Then use wat? Email? Call? Telepathy? Step 1 is wrong. It should be the bang’s useless security and failed customer service. Bank’s comm with customers should be via bank’s app only. No more sms please. This is scary.
Source: TODAYonline - 🏆 1. / 99 Read more »
DBS warns of SMS phishing scam 'actively targeting' customersSINGAPORE: DBS Bank warned on Wednesday (Jan 19) that a phishing scam is \u0022actively targeting\u0022 customers via suspicious login alert scams. The warning comes on the back of a recent spate of straits_times govsingapore SingaporePolice MAS_sg CPIBsg Pls investigate if the culprits are linked with FOREIGN/LOCAL SYNDICATE/TERRORISM. Many victims,many cheats, many ways for long. BIG💰. Pls check WHERE the TRANSFERS GO TO. FREEZE bank accounts & publish & punish them
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Banks to tighten measures to boost digital banking security: MAS, ABSSINGAPORE: Additional measures will be put in place within the next two weeks to bolster security of digital banking services, following a recent spate of SMS phishing scams targeting bank customers.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Did OCBC set a precedent with its 'goodwill payout' for scam victims? No, lawyers saySINGAPORE: OCBC’s decision to give 'goodwill payouts' to customers hit by an SMS phishing scam was not surprising given the public attention on the incident, lawyers said, but the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »