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Thinking Aloud
Make banks pay for phishing scam losses
Those pushing for digitalisation have duty to provide for adequate redress when banks fail to do so
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In July, Finance Minister Lawrence Wong announced that MAS was reviewing the matter and that it will take till the end of that year.
ST PHOTO: CHONG JUN LIANG
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If you receive an SMS from your bank telling you there is a problem with your account and that to fix it, you need to go to its website through the link provided, what would you do?
Okay, you have a suspicious mind and you do not ordinarily fall for the usual online scams like helping a Nigerian get his money out of the country.
