Man Held Liable for S$3,800 Card Phishing Scam Loss After Ignoring Bank Alerts
A tribunal has ruled that a man must bear the S$3,800 he lost in a card phishing scam, which occurred after he clicked on a TikTok advertisement. The decision found him liable, citing his "gross negligence" for disregarding numerous warnings and notifications from his bank, thereby absolving the financial institution of responsibility.
A man who lost S$3,800 in a card phishing scam has been deemed solely responsible for the financial loss by a tribunal. The incident originated when the individual clicked on an advertisement displayed on TikTok.
The tribunal's ruling specifies that the man must bear the S$3,800, rather than his bank. This determination was based on findings that the man engaged in a "sustained course of omissions," having ignored multiple warnings and notifications issued by his bank. These actions were concluded to constitute "gross negligence" on his part.
According to Channel News Asia, the tribunal's decision means the bank is not liable for the amount lost.
