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Customers shouldn't expect banks to reimburse money lost in scams, but industry guidelines will be helpful: Analysts
OCBC bank's decision to fully reimburse all its customers for the money they lost through a phishing scam should not be set as an industry precedent, analysts said. This could lead to customers becoming complacent and cyber criminals targeting Singapore banks.
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@todayonlinesg
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This is the modern day version of bank run. If all customers kenna scammed, better closed the accounts and get the govt to create a new bank just for the people to save there using old fashioned no sms/digital ways. MAS has been sleeping or rather hands off banks must ensure the highest standard accorded to them. Trust gone, govt trust gone, bank trust gone.
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Better don’t put $$$ in the banks….
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
Since banks hold no responsibility on bank scams. Furthermore, now banks give pathetic rate.
Please teach them what is called Reputation of a bank.This is $$$ that cannot buy.
The analysts should be sacked.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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(This post was last modified: 21-01-2022, 10:09 AM by
RiseofAsia.)
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(21-01-2022, 10:01 AM)RiseofAsia Wrote: Better don’t put $$$ in the banks…. ![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
Since banks hold no responsibility on bank scams.
IMHO, I think putting money in CPF is the best bet...where the interest rate is the best.......
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(21-01-2022, 10:05 AM)debono Wrote: IMHO, I think putting money in CPF is the best bet...where the interest rate is the best.......
First rule in investment.
Don’t lock your $$$.
Second rule in investment.
Don’t lock your $$$.
3rd rule in investment.
Don’t lock your $$$.
……
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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