Around September 2023 last year, it was revealed in Parliament that the banking industry was studying the concept of a “money lock” to guard depositors’ hard-earned monies against rising scam cases. When I first heard of this development, I immediately gave a thumbs up because I was increasingly concerned about the spate of scams occurring in the past year. Not only have these bank frauds grown in regularity, they have also metamorphosised into something with increasing sophistry. It is therefore a myth that only the vulnerable groups will fall for their tricks because I have personally come across well-educated and vigilant individuals who also became unwitting victims. Since that announcement, I have been waiting with bated breath for the official releases of these additional security features from the banks. When they were finally rolled out at the end of 2023, I was extremely disappointed because I had expected them to be much better. Specifically,...