SMS scams: Savings wiped out in a few minutes from banking accounts in SG


OCBC said its banking systems have not been hacked and remain secure. It also reversed its plan to phase out physical tokens for e-banking. — By Jonas Leupe on Unsplash

SINGAPORE: OCBC Bank customers who were scammed have felt great pain, with some losing life savings that they had built up for their children and families painstakingly over the years.

OCBC said its banking systems have not been hacked and remain secure. It also reversed its plan to phase out physical tokens for e-banking.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Amazon invests $11 billion to expand cloud and logistics in Germany
UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks
Man hacks law enforcement database to extort victim and threaten family, US feds say
Major study from Stanford workplace guru reveals that hybrid work has no negative impact on getting promoted
Woman sees group break into home on security video while overseas, US cops say
Huawei, Tencent near deal to exclude WeChat from revenue sharing
348 Hongkongers, including 50 students, fell victim to fake online job ads in May
China influencer who claims to be champion of working classes in videos exposed as ‘heartless boss’ in real life
Microsoft’s Satya Nadella is the leader Fortune 500 CEOs admire most. This management philosophy helps explain why
AI goes mainstream as ‘AI PCs’ hit the market

Others Also Read