A customer activated his bank's "kill switch" to freeze all his cards and savings, only to discover later that not all fund transfers were disabled.
What went wrong and what the banking kill switch actually does:
https://str.sg/cPSp
WTF...iid a bank give you a kill swtich that does not kill.
And money is stolen from your account....this is neglience on the part of the bank.
Quote:He was a victim of an elaborate hack that involved a criminal abusing stolen login credentials to control his e-SIM, including one-time passwords, and online financial accounts. It did not help that the victim used the same login credentials across multiple online accounts, easing the hacker’s access to these accounts.
The incident has thrown a spotlight on what the banking kill switch actually does.
If you read this case it tells you criminals.are high sophisticated and so long as you have online bank and accounts you can never be safe.
OTP also useless to rpotect u.
When they hack in and gake your lmoney online its gone...ghe bank will not compensate you.
All bank will automatically create an online account when you open an account isn't it?