[sgbuffett]

Singapore is a country where something goes wrong even before investigation responsibility is pushed...

1. Such a scam would not happen if physical tokens are used.

2. So when digital tokens are allowed, who made the assessment to allow. Whi ensuref the security? How come no one is responsible?

3. Regulators allow sms OTP and digital tokens did they audit the cyber vulnerability issues?

How come when something happens all the highly paid people who are supposed to ensure process security and protection of consumers are not responsible....and responsibility is pushed to the one who is not supposed to have expertise....


Is the housewife supposed to know they will launched such a scam...how can it be when the experts did not see it coming to prevent it!!

I have always said that it is a myth that Singapore is well governed.  ..just look at the scandals on SGX.