BFM 89.9
The Business Station
Should Telcos, Banks Compensate Scam Victims?
21 mins
·
17:00, 14 Dec 2023
·
Recommended
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Guest: CF Fong, CEO and cybersecurity consultant, LGMS
Singapore's Monetary Authority and Infocomm Media Development Authority has published a paper proposing a Shared Responsibility Framework for phishing scams. It proposes that banks and telcos should be responsible for mitigating scams, and compensate victims when the institutions duties have been breached. We discuss whether the responsibility of compensating scam victims should fall onto telcos and banks.
Image Credit: Unsplash
Presenter: Lee Chwi Lynn, Sharmilla Ganesan, Sharaad Kuttan
Producer: Alia Zefri
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Should Telcos, Banks Compensate Scam Victims?
21 mins
·
17:00, 14 Dec 2023
Guest: CF Fong, CEO and cybersecurity consultant, LGMS
Singapore's Monetary Authority and Infocomm Media Development Authority has published a paper proposing a Shared Responsibility Framework for phishing scams. It proposes that banks and telcos should be responsible for mitigating scams, and compensate victims when the institutions duties have been breached. We discuss whether the responsibility of compensating scam victims should fall onto telcos and banks.
Image Credit: Unsplash
Presenter: Lee Chwi Lynn, Sharmilla Ganesan, Sharaad Kuttan
Producer: Alia Zefri
Share:
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