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Singapore banks, telcos may need to pay scam victims

Telcos should pay phished subscribers, suggests Singapore

Telcos should pay phished subscribers, suggests Singapore
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Singapore banks, telcos to bear phishing scam losses if they fail in obligations under proposed new framework by MAS

Singapore banks, telcos to bear phishing scam losses if they fail in obligations under proposed new framework by MAS
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Banks and telcos to be held jointly responsible for phishing scams in Singapore

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) today published a joint consultation paper proposing a Shared Responsibility Framework (SRF) for phishing scams.

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Consultation Paper on Proposed Shared Responsibility Framework

Consultation Paper on Proposed Shared Responsibility Framework
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