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Message: <blockquote data-quote="NEMISIS" data-source="post: 30945766" data-attributes="member: 494668">There is a CBSL guideline for financial apps and websites. It is very comprehensive and covers many areas. But, banks are not adopting it 100% due to various reasons. In some cases, the bank’s Board of Directors decides not to fully follow the CBSL guideline, and the BOD takes the responsibility if a scam occurs as a result of their decision. CBSL and LankaPay also work with third-party cybersecurity companies, so it doesn’t matter if CBSL itself does not have all the expertise.The same goes for JustPay. CBSL and LankaPay have already provided a solution for it, but banks were initially slow to adopt it. I think most banks have now implemented it, which is why JustPay related scams are rare today.That is why I say that 90% of the responsibility still lies with the banks. If they truly want to fight this, they can do a far better job. However, almost all banks tend to look for the cheapest possible solution to any problem.Most of these scams are not run by Sri Lankans, so it does not matter what rules and regulations we have here in Sri Lanka.</blockquote>

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