[sgbuffett]

These accounts have no internet access. ATM card can still be used but there is no possibility of hackers and scammers going into her phone and withdrawing her life savings.

I just felt the risk has gone too high now with the frequency of cases rising every months with hundreds if not thousands of victims. Recent case of scammer being able to enter CPF accounts and withdraw person's money shows that nothing online.is safe. If they can get into CPF stealing through your online.bamk.account is nothing. 

There is no reason for elderly to have online banking. It just creates another avenues.for scammers

[p1acebo]

The law should be amended to castrate scammers

[Sickwarfare]

TS make sure they are pure atm cards, not debit cards. Debit cards will still kenna

[[[ForeverAlone]]]

my parents don't even use online banking, prefer Hard cold cash.

even I.

I don't use what grab food app, those PHV app etc .

want to eat just go downstairs buy , so many coffeeshops around my place
if need take taxi just go taxi stand or at roadside wave my hand but usually I take MRT or bus.

[Nyvrem]

TS make sure they are pure atm cards, not debit cards. Debit cards will still kenna

Real life example

https://www.bannedsite.com/forum/chillin...ompromised

[Ola]

Aiyoh!

Scammers making banks look like Alibaba's Cave

And Shoot Blank Queen still getting elderly folks to learn digi like flat pancake

https://www.channelnewsasia.com/watch/jo...me-2985236

[Gemstar]

my parents don't even use online banking, prefer Hard cold cash.

even I.

I don't use what grab food app, those PHV app etc .

want to eat just go downstairs buy , so many coffeeshops around my place
if need take taxi just go taxi stand or at roadside wave my hand but usually I take MRT or bus.

Any services that you registered with yr credit cards or debit cards are not safe. Scammers who are expert IT-knowledgeable can hacked into websites and steal info. Online purchases and even grab taxi bookings are vulnerable.

[ArielCasper]

These accounts have no internet access. ATM card can still be used but there is no possibility of hackers and scammers going into her phone and withdrawing her life savings.

I just felt the risk has gone too high now with the frequency of cases rising every months with hundreds if not thousands of victims. Recent case of scammer being able to enter CPF accounts and withdraw person's money shows that nothing online.is safe. If they can get into CPF stealing through your online.bamk.account is nothing. 

There is no reason for elderly to have online banking. It just creates another avenues.for scammers

Best is kept all money in tin boxes, like our father father used to do..

[ODA TETSURO]

Just set daily limit to $500, becos i think greedy scammers probably dun want to scam for 500 or less.

[[[ForeverAlone]]]

Any services that you registered with yr credit cards or debit cards are not safe. Scammers who are expert IT-knowledgeable can hacked into websites and steal info. Online purchases and even grab taxi bookings are vulnerable.

Just don’t put so much money on that account which you use to do online purchases etc

[WhatDoYouThink!]

Credit cards still ok, because the payments are not made immediately. Debit cards are quite dangerous

[limpeh394]

TS, is there even such option when u put saving/FD accounts ?? which bank has this?

[Alice Alicia]

Aiyoh!

Scammers making banks look like Alibaba's Cave

And Shoot Blank Queen still getting elderly folks to learn digi like flat pancake

https://www.channelnewsasia.com/watch/jo...me-2985236

She's like a rat running on a hamster wheel.

[Symmetry]

Not just moving offline but all of us should  remove payment apps and wallet from our handphones. There is no need to pursue convenience with high risks.

[[[ForeverAlone]]]

Credit cards still ok, because the payments are not made immediately. Debit cards are quite dangerous

Actually I using debit card but that account i don’t put so much money

My main account only link with ATM card.

[sgbuffett]

TS make sure they are pure atm cards, not debit cards. Debit cards will still kenna

Of course lah....even for myself I don't have debt card because one of my friends had unauthorized trabscations deducted from his debit account.

[Huliwang]

Just set daily limit to $500, becos i think greedy scammers probably dun want to scam for 500 or less.

I think useless to set limit also because scammers can enter your account and remove the limit.  

[sclim]

the banks can help by blocking out transfer request comming from outside of singapore ip range.
and all know proxy servers within singapore.
dynamic address by some telco is a problem but they should still have a log of who is assign these address at the time frame.

local attempt to scam will be easier to locate and be arrested. so the probability is much lower. at the outside of singapore criminal is excluded.

[Lukongsimi]

Does your mum knows you move her money?
Heard some children move parents money to own account when old and blurr

[pinkypanther]

Real life example

https://www.bannedsite.com/forum/chillin...ompromised

Scary sia

[sgbuffett]

With cases of people losing their CPF live savings, we need to take precautions to protect our loved ones.


https://thefinance.sg/2023/01/29/my-cpf-...y-missing/

[p1acebo]

Jo Teo where are you?

[theold]

Some old people I feel sad for them because they lost money due to their stubbornness and inability to understand how handphone and internet works.

[WhatDoYouThink!]

Must explain to her and get her consent. If move to a joint alternate account so you could help monitor and manage, isn't it better?

[Talent]

think is in his acc now

[Tee tiong huat]

The law should be amended to castrate scammers

Yes. Do it ASAP.
(as soon as possible)

[Tee tiong huat]

Yes. Do it ASAP.
as soon as possible

With jail time

[Oyk]

These accounts have no internet access. ATM card can still be used but there is no possibility of hackers and scammers going into her phone and withdrawing her life savings.

I just felt the risk has gone too high now with the frequency of cases rising every months with hundreds if not thousands of victims. Recent case of scammer being able to enter CPF accounts and withdraw person's money shows that nothing online.is safe. If they can get into CPF stealing through your online.bamk.account is nothing. 

There is no reason for elderly to have online banking. It just creates another avenues.for scammers

Not all those who were scammed, online or off, were elderly.  Young peepur got scammed too.

I am in my 80s, but I am more savvy with online banking than you think.

I am able to rein in the major human weakness called "greed", and I am able to practise the virtue of "contentment".  These two safeguards are impregnable.

Of course, one must not be too smug because scammers have all kinds of tricks.  But if you are going to be paranoid, you might as well withdraw all your money and keep them in Milo tins.

Moving forward, we will require all banks to reimburse monies unlawfully withdrawn.  The onus of cybersecurity should be on institutions with the means to tighten their security, rather than on individual savers who don't have such means.

That said, I do understand that you would not want your mother's savings to be stolen by scammers, which you are eyeing.  You being poor, this has to be obviously enough one of your dreams that should be treaded on, ever so gently.

[klat]

Just put the extra cash into FD and everything is settled. No others one can touch the FD

[Tee tiong huat]

Some old people I feel sad for them because they lost money due to their stubbornness and inability to understand how handphone and internet works.

Don't expect too much on handphone and even worse to depend on internet works, to help work for old uncle or old auntie.