Forum: Scammed of $100,000, but fault is not mine alone

occifer

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The sms thread is neither OCBC nor telco fault lei. Is your phone OS. Is it time to sue android or apple?

Ancient phones where got threaded sms system?

Wat ancient? Thats ridiculous. Things improve over time. Nothing new.

Thread as in the sms looks like it came from ocbc and the other previous sms from ocbc are in the same sms thread. Telco is at fault here.

Imagine if i can send an sms to u that looks like it came from your parents.
 

cs2018

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Ocbc sms always has bit.ly address within them, for eg when their sms tells you of a promo such as credit card spend or balance transfer, this link of bit.ly will be there.
whats bit.ly
 

pantss

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Wat ancient? Thats ridiculous. Things improve over time. Nothing new.

Thread as in the sms looks like it came from ocbc and the other previous sms from ocbc are in the same sms thread. Telco is at fault here.
You don’t get it. Threaded sms is a design of your phone.
 

tanakow

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Why don’t even need OTP?

tot there are 2 type of OTP

1 is for login
The other for transaction signing
For transaction signing, they don’t use OTP. They use the customer private key. But all these are transparent to the customer.
 

occifer

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You don’t get it. Threaded sms is a design of your phone.

Yeah and that works fine if it does not look like it came from ocbc number.
Telco in charge of this yes.
 

moonlighter_sg

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Most phones will group the SMS to the sender for easy reading. Nothing wrong leh.

This scammer uses SMS modem to mass send the message. They can edit the SMS header to make it like OCBC.

Not Telco fault.
 

Trader11

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Why don’t even need OTP?

tot there are 2 type of OTP

1 is for login
The other for transaction signing
Changing password should have OTP as well. Above a withdrawal limit should have OTP.....local banks heck care about security
 

item2sell

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You know why DBS never Kenna.

not because they are smart.
Because the ceca are too stupid to modify the codes.

DBS just got lucky
 

noname2016

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Then how come 2 ppl immediately go test after reading your post and need leh? Why so many suggestions listed by ppl here were already implemented but not known to them?

Because it is DUMB that ppl who traded their vigilance for convenience are now blaming banks for trading security for convenience. Just waiting to see which ones here whining about existing measures will be next despite all the learning experiences
What suggestions suggested here that were implemented by them?
For paynow, I actually asked in the official Ocbc thread and then they changed it as of 5 Jan 2022 (after the scam). Previously can transfer up to 200k without OTP to anybody.
I saw people suggesting things like having authentication for a second device like ur google account, disabling overseas transfer (if you don’t normally use it). Also Ocbc themselves have send sms with bit links.
It’s good that you are alert and won’t fall prey but there’s no need to keep blaming the victims and gloating over how smart you are. I think both are at fault - users for being gullible and Ocbc for having shitty controls and worst customer service.
 

Sammychan

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The sms thread is neither OCBC nor telco fault lei. Is your phone OS. Is it time to sue android or apple?

Ancient phones where got threaded sms system?
Is it? How come cannot reply to that sms? Not from the company?
 

item2sell

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Changing password should have OTP as well. Above a withdrawal limit should have OTP.....local banks heck care about security

these limits changes upwards requires the token or otp (maybe they change?)
Change to lower limits no need OTP
 

hoks

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These incident proves one thing, sms notifications put in place are useless if bank cannot react in time to stop the fraud.

Those who keep saying victims r stupid shd really stfu. This time round the bank shd share some blame.
 

sted.

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u think OCBC is stupid ? if the customer is a scammer then OCBC got to bear all ? precisely is user fault to click it ...
 

a4973

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I have deregister pay now liao. Better safe than to be sorry
Isn't it the case that even if you deregister paynow / decrease transaction limits but as long as the scammers are able to gain access to your account, they can still reactivate paynow / increase transaction limit and transfer out right?
 
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