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DBS Bank in Singapore will impose a 12-hour delay on certain account changes starting March 7 to fight scams, following a sharp rise in phishing attacks.
Starting March 7, DBS Bank in Singapore will enforce a 12-hour cooling period for adding new payees, increasing transfer limits, or updating contact details to combat rising scams.
The delay allows time to detect unauthorized activity, with alerts sent during the wait.
Existing transfers remain unaffected.
The move aligns with similar measures by OCBC and UOB.
In early 2025, Singapore saw a surge in phishing scams—3,779 cases, a 134% increase—resulting in nearly half a billion dollars in losses.
DBS also uses real-time fraud monitoring, including 24-hour holds on large withdrawals from high-value accounts, as part of its Shared Responsibility Framework.
DBS Bank en Singapur impondrá un retraso de 12 horas en ciertos cambios de cuenta a partir del 7 de marzo para combatir las estafas, tras un fuerte aumento en los ataques de phishing.