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View Full Version : Banks to roll out more anti-scam moves including self-service 'kill switch', default


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02-06-2022, 11:50 PM
An honorable member of the Coffee Shop Has Just Posted the Following:

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SINGAPORE — Extra measures designed to combat digital banking scams were unveiled on Thursday (June 2), including a default limit of S$5,000 for online funds transfers and an emergency "kill switch" that customers can use to suspend their accounts quickly if they fear the accounts have been compromised.


In a joint press release, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) said that the safeguards...

Read more (https://www.sammyboy.com/threads/banks-to-roll-out-more-anti-scam-moves-including-self-service-kill-switch-default-s-5-000-online-transfer-limit.322417/)


Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/banks-to-roll-out-more-anti-scam-moves-including-self-service-kill-switch-default-s-5-000-online-transfer-limit.322417/).