The slew of measures to stop digital banking scams will be implemented by Oct 31, 2022. - Starpic
SINGAPORE (The Straits Times/Asia News Network): An emergency self-service "kill switch" that lets customers freeze their bank accounts if they suspect that their accounts have been compromised is among a slew of measures that will be introduced to stop digital banking scams.
They will be implemented by Oct 31, said the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) on Thursday (June 2).
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
