"This will also create a more conducive environment for participants to gain deeper insight and develop sharper, more meaningful responses to the complex challenges before them," they added.
He said:"We try to take on current issues, even if they are difficult, and this year is particularly challenging because criminals are constantly evolving their techniques." It led to the introduction of a kill switch which OCBC customers can activate to instantly freeze all banking activities when they suspect a scam.
The victims had received unsolicited SMS messages from senders with names such as "SG-DBS" or"DBS-Notice", leading them to a spoofed Internet banking login page, where they were asked for their bank card details.
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