Tuesday, June 18, 2024
HomesingaporeBanks, telcos or consumers — who will bear phishing scam losses under...

Banks, telcos or consumers — who will bear phishing scam losses under proposed framework? Here are 4 scenarios

SINGAPORE — If a new framework proposed by the authorities on Wednesday (Oct 25) is implemented, financial institutions could bear the full losses incurred by victims of digitally-enabled phishing scams, should the institutions be found to have breached anti-scam obligations.

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