They borrowed at first a very little amount on a fixed deposit of 50 k.They transfered this amount to my main saving account before to be able to transfer it to another ABA account where they tried to take it out the next day .Happily i closed my account 20 minutes after they made the transfer .So they were not able to borrow more than the small amount they took first .I had to repay the loan amount plus interest at the term of the fixed deposit .What is a surely big security issue was than the account name where all the amount of my savings account was transfered ..principal plus loan ..belonged to a name who 6 months ago robbed another foreigner of 18 k.Nothing by the bank was made to blacklist this account and they even asked me to go to court against this account name who got already a complaint against it .

Doc67 wrote: ↑Tue Mar 12, 2024 11:38 am

Freightdog wrote: ↑Mon Mar 11, 2024 4:38 pm Doc. I just too a look under the big smiley face, top left.
The menu gives Security/Pay and transfer with fingerprint. Mine is set to off.
I set it to on, set my limit value, accept terms and conditions.

But as we’re heading to Europe, I’ll be unable to test it out for a while.

Nope, no fingerprint facility other than log-in. They are promoting FacePass which (I think) is a biometric facial recognition thingamibob and I don't want to set it up, in case you can't get rid of it.

ABA have some serious security issues. Rumours are running wild about people being cleaned out of their cash, and the scammers have even borrowed money from ABA by way of a loan secured on their deposit accounts, all done online, and withdrawn the loan funds too. So, even if your money is in a TD, it still isn't safe. So bang goes my great theory of locking it up. I got that nugget of info from someone I trust.

I don't think they have any major security issues with their technology as such, but with their huge number of users, their customer base has become a juicy target.

So what we're seeing is a combination of (1) inept users of their app who can be tricked into sending funds to strangers or giving strangers access to their app and (2) brutal (druggings, abductions) targeted attacks on specific ABA Bank customers perceived to be worth it.

Primarily responsible for (1) is a lack of education among many mobile banking users and for (2) the general lawlessness of Cambodia. I don't see any real solution other than not holding your life savings in any account that can be drained from your phone.

Yes totally agree with you .I kept the ABA account but with a bare minimum on and no more fixed deposit there ..Went to PRASAC .

Alex wrote: ↑Tue Mar 12, 2024 3:22 pm

Doc67 wrote: ↑Tue Mar 12, 2024 11:38 am

Freightdog wrote: ↑Mon Mar 11, 2024 4:38 pm Doc. I just too a look under the big smiley face, top left.
The menu gives Security/Pay and transfer with fingerprint. Mine is set to off.
I set it to on, set my limit value, accept terms and conditions.

But as we’re heading to Europe, I’ll be unable to test it out for a while.

Nope, no fingerprint facility other than log-in. They are promoting FacePass which (I think) is a biometric facial recognition thingamibob and I don't want to set it up, in case you can't get rid of it.

ABA have some serious security issues. Rumours are running wild about people being cleaned out of their cash, and the scammers have even borrowed money from ABA by way of a loan secured on their deposit accounts, all done online, and withdrawn the loan funds too. So, even if your money is in a TD, it still isn't safe. So bang goes my great theory of locking it up. I got that nugget of info from someone I trust.

I don't think they have any major security issues with their technology as such, but with their huge number of users, their customer base has become a juicy target.

So what we're seeing is a combination of (1) inept users of their app who can be tricked into sending funds to strangers or giving strangers access to their app and (2) brutal (druggings, abductions) targeted attacks on specific ABA Bank customers perceived to be worth it.

Primarily responsible for (1) is a lack of education among many mobile banking users and for (2) the general lawlessness of Cambodia. I don't see any real solution other than not holding your life savings in any account that can be drained from your phone.

That's not how @Jimbean described it. AFAIK someone had access to his account to open a loan against a deposit without access to his phone / app.

The thief was able to exchange my phone S20 ultra SAMSUNG for a SAMSUNG s 10 without my knowledge at around 8 pm and to transfer my money at 9 16 pm .I blocked the account around 9 35 pm .Too late .Went to ABA the next morning opening time where the supervisor accepted to block the transfer on the account of the recipient if i got a report at Cybercrime unit .Got it but that was expensive

In that case I agree, inept user situation.