New measures announced to boost digital banking security amid spate of SMS phishing scams – CNA

January 20, 2022

Gabrielle Andres, CNA

19 Jan 2022

SINGAPORE: Additional measures will be put in place within the next two weeks to bolster security of digital banking services, following a recent spate of SMS phishing scams targeting bank customers.

“The growing threat of online phishing scams calls for immediate steps to strengthen controls, while longer-term preventive measures are being evaluated for implementation in the coming months,” the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) said on Wednesday (Jan 19).

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