Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag 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. flag The delay allows time to detect unauthorized activity, with alerts sent during the wait. flag Existing transfers remain unaffected. flag The move aligns with similar measures by OCBC and UOB. flag 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. flag 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.

3 Articles