MAS will not allow OCBC to compensate scam victims huan..

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waterdestiny

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If ocbc compensate, means it's ok to be scammed and everyone will let their guard down
 
bigrooster

bigrooster

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Compensation maybe not. The important question is what can MAS/banks do further to address the weakness exposed in this recent fiasco, apart from only blaming the "stupid customers"? And what can they together with the telcos do to address the ease of SMS spoofing which leads to hundreds being scammed? What about the process flow of raising customer fund transfer limits without effective 2FA (not 2FA both inside the same damn mobile phone, or totally without)?

It is a bigger issue which they, and probably the gahmen would need to step in to address. Or are they still keeping quiet and waiting for a bigger bomb to explode?
 
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