[Bigiron]

Explainer: Who should bear responsibility for CPF monies lost in malware scams, and what recourse do victims have?

“... it is not the role of the financial institution to be intrusive. A customer may take offence if his bank asks too many questions as to the purpose for a particular transaction that he wants to undertake,” said an expert, on why it is difficult to impose a greater level of responsibility on financial institutions.

➡️ https://tdy.sg/46HrMYQ

[sgbuffett]

Forget about insurance. It becomes another scheme to take our money.

We just want them to design the online access to be safe from exploitation by scammers.

The fact is this if the victims have done exactly  the same thing they did elsewhere like in Malaysia and Hong Kong they would not lose their lifesavings because they don't link the EPF and MPF accounts to an online transfer mechanism like PayNow.

CPF should just compensate these people because it failed to design a safe system they takes into consideration the ways scammers and hackers can exploit it.

The bloody newspaper article is just Sjngapore govt propaganda to run from responsibility.and push responsibility.

[Rainforest]

Taxpayers

[talky]

MAS N CPF 
LAX N FEEL SO SECURE THAT CANT BE SCAM
OVERCONFIDENT

[Ola]

So easy can scam hard earned money

Put in CPF or Banks also not safe

due to fake QR codes, Fake apps, Fake online payments . . .

[Blasterlord2]

CE of CPF lor.

[Goldmine]

Tried to sign in to Cpf. Prompt incorrect password. Is it now have to activate face authentication. Otherwise, cannot log in?.

[Lukongsimi]

Tried to sign in to Cpf. Prompt incorrect password. Is it now have to activate face authentication. Otherwise, cannot log in?.

No more sign in Liao 
Now auto scan face