OCBC customers affected by the recent SMS phishing scam

According to the police, nearly 470 people had fallen victim to the SMS phishing scams involving OCBC in December, with total losses amounting to at least S$8.5 million.

How to achieve harmony in digital channels. “Mobile first” vs. “Mobile only”

Should banks keep traditional online channels as an essential part of their remote services? Or strive for harmony between these two digital channel development directions? The answer to this question is not as simple as it seems.

PayPal users targeted in new SMS phishing campaign

A new SMS-based phishing campaign is doing the rounds that attempts to part PayPal users from their account credentials and sensitive information, BleepingComputer reports.

Legal entity customer protection. Secure and convenient digital service channels for legal entities

«Securing remote banking services (RBS) remains a key challenge for the banking industry. The overall volume and quantity of attempts at fraudulent transactions with legal entity accounts increases every year. On the other hand, simplifying a user’s experience through desktop and mobile banking is a necessary prerequisite for customer loyalty.
How do you secure accounts of legal entities and enhance their user experience at the same time? The answer—Mobile Transaction Authentication Signature technology.»
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