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
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.
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
