“The SRF assigns shared responsibility by...
https://www.malaysiakini.com/news/684213
(26-10-2023, 12:05 PM)RiseofAsia Wrote: How to justify you have fallen into scam prey?
Who will decide to pay or not to pay the losses from scam?
Stupidity has no cure.
(26-10-2023, 01:00 PM)sgbuffett Wrote: These scam victims are only scam victims due to weak security of Banking apps that allow the scammer to go in and take the $$ and transfer out.
Given bank is custodian of the money and scammer took the money from the bank ....bank is liable.
(26-10-2023, 11:45 AM)sgbuffett Wrote: They "SHOULD" pay.
(26-10-2023, 01:02 PM)Lukongsimi Wrote: Cannot totally blame the bank
The scammers are high tech to overthrow u without a doubt
(26-10-2023, 02:13 PM)Ola Wrote: Steve Chia was asking about Co-responsibility between Bank and Account holder.Block all unknown calls
But he forgot that, there is also InformComm Ministry, Telco and Phone manufacturing company that should be responsible.
For the latest iphone is not longer a scam but ROBBERY where just a miss call will make you lose everything
Scam losses: Who should bear the responsibility? | Heart of the Matter podcast - YouTube
(26-10-2023, 01:53 PM)revealer Wrote: Rightly so.. The victims used the Apps designed by the Banks etc. The victims are not allowed to use other Apps if there is any. Therefore, it is the duty of the Banks to make sure their Apps are scammed-free. Who knows, it could also be an insider job where banks' employees are working with the scammers. If these cases were brought before the court, the victims will have a good case. This may be the reason why OCBC reimbursed some of the stolen money.Insider can sell private data to scammers
(26-10-2023, 01:38 PM)RiseofAsia Wrote: It is your fault to fall into the prey due to your greediness.It is the bank greediness to phase out the hardware token against the security guidelines the 2nd factors has to on another device
It is unfair for bank to take the full responsibility.
Banks can only warn and do some restrictions for the transaction or improve current bank app for detecting fraudulent transaction.
(26-10-2023, 05:58 PM)sgbuffett Wrote: It is the bank greediness to phase out the hardware token against the security guidelines the 2nd factors has to on another device
Because of the bank greed to save money on the hardware token it created a security vulnerability that the hacker could use to steal from the bank.