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Can fraud victims get their money back if they gave scammers their bank details?
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A bank's responsibility to customers is typically spelt out in the terms of contract, which limits their obligations to customers.
PHOTO: ST FILE
Kenny Chee
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SINGAPORE - Victims misled into giving out their banking details in phishing scams are often responsible for the funds lost, especially if bank information technology systems are up to mark and not compromised, say lawyers.
However, financial institutions can be held liable if they are found to be negligent or have breached their contracts with customers, such as by not patching their systems regularly.
