Is contactless payment safe? 5 tips to protect yourself in the wake of OCBC SMS scams

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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.
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OCBC announces it will pay all SMS scam victims full sum they lostSINGAPORE - All OCBC customers affected by a recent spate of SMS phishing scams will receive 'full goodwill payouts' covering the amount they lost, OCBC Bank said in a statement on Wednesday (Jan 19). More than 100 victims have already received the payouts and the bank will make arrangements for the payout with all remaining affected customers by next week,...
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OCBC says all affected customers of recent SMS scam to get 'full goodwill payouts' covering the money lostSINGAPORE: All OCBC customers affected by the recent SMS phishing scam will receive \u0022full goodwill payouts\u0022 covering the amount they lost, the bank said on Wednesday (Jan 19). More than 100 victims have received the payouts, it said in a statement. \u0022We seek the understanding Ah..why previously cant disclose amount...hmm
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