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Singapore , Thursday 16 April 2026

askST: Does deposit insurance scheme cover phishing scam victims?

Published on: Monday 24 January 2022

askST: Does deposit insurance scheme cover phishing scam victims? SINGAPORE - The recent spate of phishing scams targeting bank customers has got some people asking why they are not covered when there is insurance for banks, citing the Deposit Insurance (DI) Scheme.


News source: https://www.straitstimes.com/business/banking/askst-phishing-scam-victims-not-covered-under-deposit-insurance-scheme-high-bar-for-those-who-want-to-sue-banks

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