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.