Artikel Over 11,000 DBS and Bank of China Clients’ Data Exposed in Vendor Cyberattack pertama kali tampil pada todayinasian.com.
]]>Similarly, BoC reported that data from around 3,000 customers, used in printed correspondence managed by TNT, were potentially compromised. The exposed information may encompass names, addresses, and, in certain cases, loan account numbers. Both banks have assured customers that their core banking systems remain secure, and no login credentials or passwords were compromised. The affected communications were predominantly sent between December 2024 and February 2025.
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Upon discovering the breach, DBS promptly notified the Monetary Authority of Singapore (MAS) and the Cyber Security Agency of Singapore (CSA). Both regulatory bodies are collaborating with the banks and TNT to investigate and manage the situation. DBS has reached out to the affected customers, advising them to remain vigilant and monitor their account activities closely. The bank has also offered complimentary credit monitoring services to the impacted individuals.
In response to the incident, BoC has implemented additional security measures to safeguard customer information and is working closely with TNT to assess the full extent of the breach. The bank has also contacted affected customers, providing guidance on monitoring their accounts for any unusual activities.
This incident underscores the critical importance of robust cybersecurity measures, not only within financial institutions but also among their third-party vendors. As cyber threats continue to evolve, banks and their partners must remain vigilant and proactive in protecting sensitive customer information. Customers are advised to stay alert for any suspicious activities related to their accounts and report any anomalies to their respective banks promptly.
Artikel Over 11,000 DBS and Bank of China Clients’ Data Exposed in Vendor Cyberattack pertama kali tampil pada todayinasian.com.
]]>Artikel Singapore Banks’ “Money Lock” Feature: A Reliable Way to Protect Funds from Scams pertama kali tampil pada todayinasian.com.
]]>Introduced in November last year by local banks, this feature aims to combat scams by enabling customers to secure their funds, preventing digital transfers. Locked funds can only be accessed in person at bank branches or via ATMs.
Speaking in Parliament, Mr. Tan stated that this feature would be extended to other major retail banks in Singapore by mid-year. Local banks have continuously refined their “money lock” services since its launch.
DBS, for instance, has expanded its digiVault feature to all accounts, allowing customers to lock funds without the need to open a separate account. Similarly, OCBC has enabled this functionality since last November. Meanwhile, UOB still requires customers to open new accounts for its “money lock” feature but is considering extending this to existing accounts.
Secure your financial future with the “money lock” feature and stay alert to protect your hard-earned assets.
Mr. Tan, who also serves on the Monetary Authority of Singapore (MAS) board, assured that banks would continue simplifying the use of “money lock” based on customer feedback and industry-wide implementation experiences.
To date, no reports of phishing or malware scams have involved funds protected by the “money lock” feature. MAS is actively collaborating with banks to encourage customers to adopt this tool and to monitor its overall effectiveness.
However, Mr. Tan noted that most scams still involve authorized transactions, where individuals willingly transfer money to scammers under the guise of relationships, jobs, or investments. He urged the public to remain vigilant and skeptical of any requests for money transfers.
Artikel Singapore Banks’ “Money Lock” Feature: A Reliable Way to Protect Funds from Scams pertama kali tampil pada todayinasian.com.
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