Man lost S$3,800 in card phishing scam after clicking on TikTok ad; tribunal finds him liable, not bank
A Singaporean man lost S$3,800 in a phishing scam after clicking a TikTok ad and was denied full reimbursement by a tribunal. The tribunal ruled that his failure to heed bank warnings constituted gross negligence.
Why it matters
The ruling sets a precedent for consumer responsibility in digital banking security and phishing prevention.
A tribunal found that the man had to bear the losses as he had ignored multiple warnings and notifications from the bank in a "sustained course of omissions" that constituted gross negligence on his part.
The article objectively reports on a legal judgment and the reasoning provided by the tribunal.
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