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#BTOpinion: When scammers can empty your bank accounts of S$8.5m in minutes, where is the sense of security?
BT night editor Dennis Chan argues that banks simply should not be allowed to get away with claiming that their security systems held firm or that they had issued repeated warnings to customers not to fall prey to phishing.
“… the industry and authorities must do a thorough rethink on the processes and underlying assumptions of digital banking.”
