On bank phishing scams: What banking institutions do to reduce them Singapore is tightening security steps to reinforce the local banking and communications infrastructures, including the need for SMS service providers to check against a registry before sending messages. Banks are also expected to develop “more adaptable” artificial intelligence (AI) programs to detect illicit transactions. The enhanced
Phishing scams and attacks through emails and text messages have been intensifying in recent times. Often, the ones who fall prey to such scams are those who are less tech-savvy, like the elderly or those who know of such scams happening. Meanwhile, other customers fall into the deception because the phishing scams are just too
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