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Singapore now has S$3 2b in funds locked to prevent scams: ABS

Singapore now has S$3 2b in funds locked to prevent scams: ABS
sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.

Association of banksScam centreOng ang ai boonAnti scam centre

Singapore banks to improve anti-scam money lock features; activated on 38,000 accounts so far

DBS, OCBC and UOB introduced new money-locking features in November last year to guard against scams.

Association of banksSoutheast asiaOng ang ai boonDeputy prime minister lawrence wongMalware scams

More can be done to protect the vulnerable and tackle malware scams: Experts

The proposed framework in Singapore comes at a time when scams are a plague on the nation, with 22,339 reported scam cases in the first half of 2023.

National university of singaporeSingapore generalUnited kingdomSylvia limRaju chellamLawrence lohMelvin yongNational university of singapore business schoolAssociation of banksConsumers association of singaporeWorker partyInfocomm media development authorityCentre for governanceIt standards committeeMonetary authority of singaporeStraits times asia news network

Anti-scam measures by retail banks have averted losses of $57 6m, says banking industry body

Anti-malware tools by banks have shielded customers from further losses of at least $18.6 million. Read more at straitstimes.com.

Association of banksOng ang ai boonStraits times

Singapore banks step up security against scams

The Association of Banks in Singapore (ABS) today announced that the enhanced security measures implemented by major retail banks in Singapore to protect customers from scams, including malware scams, have shown signs of effectiveness.

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