Important Announcements

Notice: Alert on Cyber Risk Exposure from Data Synchronisation on Mobile Devices

Last Updated: April 30, 2021

Some smart phones have features that allow data synchronisation between the mobile device and online storage or cloud services in near real time. Information that could be synchronised includes SMS, email, etc.

For clients who have enabled data synchronisation on their mobile devices, please be advised that sensitive information sent via SMS or emails by Financial Institutions (FIs), such as one-time passwords (OTPs), could be accessed by criminals to perform fraudulent financial transactions if their login credentials to the online storage or cloud services have been compromised.

Clients are advised to take precautions of such cyber risks by securing their mobile devices and related online accounts.