Commentary: Phishing and other SMS scams – shouldn’t banks bear the cost?-To The Moon - Tiger Brokers Online Investing Community

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Commentary: Phishing and other SMS scams – shouldn’t banks bear the cost?

CNA2022-01-10

SINGAPORE: In December 2021, OCBC Bank made several announcements warning about scams targeting OCBC customers. These SMSes purportedly from OCBC claimed there were issues with the recipient’s bank ...

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ditti
·2022-01-10
Ask telcos too. Why so easy to spoof authentic business numbers?
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This phishing problem is a shared responsibility, Pinsent Masons partner Bryan Tan says.","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"O39.SI":"华侨银行"},"translate_title":"解说词：网络钓鱼等短信骗局--银行不该承担成本吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTP":1,"O39.SI":0.7},"content_text":"SINGAPORE: In December 2021, OCBC Bank made several announcements warning about scams targeting OCBC customers.  \nThese SMSes purportedly from OCBC claimed there were issues with the recipient’s bank accounts or credit cards. But they were not actually sent from the bank. \nInstead, the SMSes carried links to a fraudulent website requesting for banking information and passwords to resolve these “issues”. \nUnsuspecting customers would be asked to key in sensitive bank account login information like their username, PIN and One-Time Password (OTP). \nUsing this information, the scammers could then transfer monies out of the affected customers’ accounts and carry out other transactions.\nThe scammers would reroute received monies through various, often overseas accounts, making it difficult to track their movement and even harder to recover the cash.\nAt least S$8.5 million have been lost in December to such scams involving OCBC, according to the Singapore Police Force.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9006496999,"gmtCreate":1641810997823,"gmtModify":1676533649763,"author":{"id":"3582063611426818","authorId":"3582063611426818","name":"ditti","avatar":"https://static.tigerbbs.com/2566ca38eea90f53931296c3d19d66e5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582063611426818","authorIdStr":"3582063611426818"},"htmlText":"Ask telcos too. 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