Singapore central bank considers action against OCBC for phishing scam

Visual from the OCBC website. August 2015

Singapore’s central bank said on Monday it will consider supervisory action against the country’s second-biggest lender Oversea-Chinese Banking Corp (OCBC), after hundreds of its customers were hit by a phishing scam last month.

Reported losses from the scam amounted to at least S$8.5 million ($6.31 million) in December and ensnared at least 469 customers.

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