askST: Does deposit insurance scheme cover phishing scam victims?

The recent spate of phishing scams targeting bank customers has got some people asking why they are not covered when there is insurance for banks. ST PHOTO: JASON QUAH
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SINGAPORE - The recent spate of phishing scams targeting bank customers has got some people asking why they are not covered when there is insurance for banks, citing the Deposit Insurance (DI) Scheme.

Others also asked if they can sue the banks to recover their losses.

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