Credential Phishing Transaction Limits 
Fintech News
OCTOBER 27, 2024
The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. The SRF’s liability provisions do not extend to transactions involving credit cards, charge cards, or debit cards issued in Singapore.
Fintech News
JANUARY 14, 2024
No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).
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Segpay
MARCH 10, 2025
Set Up Your Merchant Account Register with your chosen payment gateway provider and obtain the necessary API credentials, keys, and documentation required for integration. Employee Security Training Educating staff on fraud detection, phishing scams, and secure payment handling strengthens platform-wide security.
The Payments Association
JUNE 5, 2025
Building confidence through clear messaging around transaction limits, fail-safes, and offline functionality will be key to driving adoption. Biometric authentication, device-level risk, and the transmission of payment credentials via third-party ecosystems (e.g. From a compliance standpoint, wearables raise unique challenges.
Fintech Finance
MAY 12, 2025
In an effort to combat the rise of mobile wallet phishing, DBS Bank will launch a new “Mobile wallets” feature within DBS/POSB digibank app’s Payment Controls, preventing scammers from adding phished card details to their mobile wallets. million in losses from transactions made on scammers’ mobile wallets.
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