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

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.

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