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When businesses overwrite a customer's security decision, does it make them fully liable when a breach occurs? That's a question banks like those in Singapore need to consider before they roll out their next security feature.
OCBC introduces a security feature that locks out access if it detects mobile apps downloaded from unofficial app stores on the user's phone. The bank cites the need to safeguard against malware, but is instead frustrating customers.
The new phishing campaign targets business executives and uses EvilProxy to defeat multifactor authentication.
A new security feature was intended to protect customers but has infuriated them instead. OCBC customers are upset that they cannot use the bank's app unless they delete other apps on their phones that are not from official app stores. Stomp contributor Jessica was instructed to uninstall such apps as Douyin (TikTok), Alipay and Microsoft Authenticator. She said: "OCBC's sudden...
Singapore News - A new security feature was intended to protect customers but has infuriated them instead. OCBC customers are upset that they cannot use the bank's app unless they delete other apps on their phones that are not from official app... Read more at www.tnp.sg