The Business Times
COMMENTARY
·
SUBSCRIBERS

One-time passwords marked ‘Likely-SCAM’ could breed complacency

Yong Jun Yuan
Published Mon, Feb 6, 2023 · 08:58 PM

THE recent rollout of an SMS scam prevention initiative has hit some snags, with legitimate messages being marked as likely scams.

At best, these temporary problems will be ironed out; and the public will enjoy several months of scam-free messages before new loopholes are found and exploited.

At worst, the initiative could breed complacency. There is some urgency, therefore, to find better ways to communicate and to secure accounts against fraudulent use.

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Telcos, Media & Tech

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here