Anti-SMS spoofing registry is not a cure-all for setting banks' liability for funds lost to scams

In December last year, nearly 470 OCBC customers lost at least $8.5 million in SMS phishing scams. PHOTO: ST FILE
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SINGAPORE - A new registry that organisations, including banks, can sign up for could help reduce the spoofing of names used for sending SMSes, which happened in recent SMS phishing scams that caused many OCBC Bank customers to lose funds.

Some banks are already on the registry, with OCBC understood to have joined it recently.

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