How Do Authorised Scams Hide Behind Legitimate Bank Transfers?

Can a bank know exactly who its customer is and still miss a scam? Increasingly, the answer is yes. Social engineering and authorised scams often involve real customers using their own accounts to move money. A customer may pass authentication and personally approve the transfer even though someone else has manipulated the decision. According to [...] The post How Do Authorised Scams Hide Behind Legitimate Bank Transfers? appeared first on Fintech Singapore.