Singapore's OCBC hit by $240m extra capital requirement for phishing scam

Singapore's OCBC hit by $240m extra capital requirement for phishing scam

Visual from the OCBC website. August 2015

Singapore‘s central bank said it has asked Oversea-Chinese Banking Corp Ltd (OCBC) to keep an additional S$330 million ($240 million) in capital for operational risk after hundreds of its customers were hit by an SMS phishing scam in December.