Such screen sharing allows scammers to control a device externally. These include a program to block Android users from accessing the banks’ digital services on their phones if it detects apps that ask for risky settings, such as remote control screen sharing. Withdrawal pending time Ewallets - 0 - 24 business hours Bitcoin Wallet - 0 - 24 business hours Wire Transfer - 2 - 3 business days Credit cards - 4 - 5 business days. The “money lock” feature adds to a slew of security tools rolled out by banks here. ZulaBet Casino Review ZulaBet Casino Bonuses and Overview with 2 Real Players Reviews & Official Ratings Based on 177 Community Members Votes. Scams continued to plague Singapore in the first half of 2023, with 22,339 cases reported between January and June, involving more than $330 million.Īt least 750 victims lost more than $10 million after falling prey to malware scams during that time. The measure was first reported by The Straits Times in February, in an interview with UOB head of group risk management Frankie Phua, who said the bank was exploring a way for customers to set aside savings that cannot be withdrawn digitally. The concept of locking up money was studied by the banking industry as an answer to rising scam cases and was discussed in Parliament earlier in 2023. A spokesperson for the Monetary Authority of Singapore (MAS) said that although the “money lock” feature means less convenience for customers, it limits the damage that scammers can cause in a short period of time.
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