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banking scams
Singapore news
Singapore proposes new law that lets police stop bank transfers
The proposed law, called the Protection from Scams Bill, will be introduced in the coming months.
August 30, 2024
Digital Economy
UOB frontline staff further trained to prevent and combat scams
The programme is one of the customised scam preparedness programmes offered by Singtel and SIM.
March 26, 2024
Banking & finance
DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases
Customers can lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams.
November 27, 2023
Banking & finance
Banks in Singapore avert $57.6 mil in scam losses: ABS
The banks’ recently implemented anti-malware tools have further protected customers from potential losses of at least $18.6 mil.
October 24, 2023
Cybersecurity
DBS latest bank to roll out anti-scam measures, after OCBC and Citi
DBS will restrict app access when it detects potential security risks.
September 26, 2023
Banking & finance
MAS and ABS announce additional measures to safeguard customers from scams
The additional measures will be progressively implemented by banks and will be in full effect by Oct 31.
June 02, 2022
Banking & finance
OCBC Bank rolls out emergency 'kill switch' that allows customers to freeze all accounts if scammed
The kill switch will also disable ATM access, debit and credit card transactions, as well as access to digital banking.
February 16, 2022
Banking & finance
MAS to develop framework for equitable sharing of losses from scams
Under the framework, all parties have to be vigilant and to be responsible in taking their own precautions against scams.
February 04, 2022