Scrap SMS use in wake of rising scams, banks urged
Better to use hardware or digital tokens for OTP generation or authentication solution that doesn't require users to input OTP
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
RISING SMS-related banking scams continue to expose a damaging weakness in Singapore's cybersecurity infrastructure, one that remains challenging to pinpoint exactly where given the hyper-connectedness of our networks today.
Banks, telcos, payment providers and government agencies all have some part to play in beefing up their own systems, experts said, calling for stronger cooperation within the industry as well.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
