Singtel launches new anti-scam tool, uses SIM card data for identity verification

SingVerify works in the background in addition to SMS one-time passwords and other multi-factor authentication measures. - ST

SINGAPORE: Identity data on Singtel and M1 customers’ mobile SIM cards can now be used as an additional layer of security to thwart online scams.

The SingVerify system works in the background to fend off scammers who might have stolen a victim’s credentials to access his banking or e-commerce account. The transaction would be denied if the scammer uses a device that does not carry the victim’s Sim card.