Scams where victims authorise payments to a fraudster, such as those arising from investment or love scams, are not covered. — KUA CHEE SIONG/The Straits Times/ANN
SINGAPORE: Mobile phone networks that don’t enforce security protocols will have to reimburse victims of certain phishing scams – a ruling that already applies to financial institutions.
The move will likely make Singapore the first jurisdiction to include telecommunication operators or other infrastructure service providers in a fraud reimbursement framework.
