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OCBC pays phishing victims; MAS says all customers should be treated fairly
MON, JAN 17, 2022 - 6:00 PMUPDATED TUE, JAN 18, 2022 - 8:20 AM
NATALIE CHOY
OCBC said it has, to date, made goodwill payouts to more than 30 customers who fell prey to the recent SMS phishing scam impersonating the bank.
Almost 470 customers have lost a total of S$8.5 million since last December.
In a statement on Monday (Jan 17), the lender acknowledged that its customer service and response "fell short of our customers' expectations, especially at a time of stress and anxiety".
The affected customers started receiving the goodwill payouts since Jan 8, which are being "made on goodwill basis after thorough verification, taking into account the circumstances of each case".
OCBC said it needed more time to get back to the remaining affected customers, who will be contacted as soon as the review and validation of their case have been completed.
In a separate statement, the Monetary Authority of Singapore (MAS) said it expects all customers to be treated fairly, and has been following up with the bank on the recent scams and broader issues relating to the incident.