Singapore: Adopted Security Measures to prevent SMS-Phishing scams in Digital Banking announced
Description
Adopted Security Measures to prevent SMS-Phishing scams in Digital Banking announced
On 19 January 2022, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced a new set of measures to improve security in online banking. Specifically, SMS-Phishing scams are to be prevented by the newly im…
Scope
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank