OCBC stops scammers from taking $10 million from customers

Bank's system, which uses AI, has prevented that amount from being taken by crooks this year

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The Singles' Day Sale frenzy on Nov 11 seems to have ignited a spate of phishing attacks targeting online shoppers.

OCBC Bank has detected three times more scams a day than the average level over the past week as scammers try to entrap click-happy consumers.

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A version of this article appeared in the print edition of The Straits Times on November 22, 2021, with the headline OCBC stops scammers from taking $10 million from customers. Subscribe