Article 5V70W Singapore gives banks two-week deadline to fix SMS security

Singapore gives banks two-week deadline to fix SMS security

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from The Register on (#5V70W)
Story ImageEdict follows widespread bank phishing scam claiming well over $6.3 million

A widespread phishing operation targeting Southeast Asia's second-largest bank - Oversea-Chinese Banking Corporation (OCBC) - has prompted the Monetary Authority of Singapore (MAS) to introduce regulations for internet banking that include use of an SMS Sender ID registry....

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