Police warn of banking-related phishing scams; S$114,000 lost since May & More News Here

SINGAPORE: The Singapore Police Force (SPF) warned members of the general public on Sunday (Jun 5) a couple of rising pattern of phishing scams involving the impersonation of financial institution staff. 

At least 28 victims have lost about S$114,000 since May this 12 months after giving their private particulars and one-time passwords (OTPs) to scammers, SPF stated in a information launch.

Victims of the most recent spate of phishing scams fell prey to scammers after receiving cellphone calls or SMSes from folks posing as financial institution staff. 

Those who obtained cellphone calls have been requested for his or her private particulars, comparable to their Internet banking username and password. 

The police stated this was performed “under the pretext that the bank required their personal information to verify transactions performed … or that the victim was under investigation for transferring large sums of money to another bank”. 

After offering their private particulars, victims obtained OTPs which they supplied to the scammers. 

Victims who obtained SMSes from scammers have been urged to click on on a hyperlink and enter their private particulars. They did this because the messages claimed that their debit or bank card had been blocked or that their checking account had been frozen as a result of the “bank account was unusual”, stated the police. 

“Upon clicking on the link in the SMS, the victim would be sent to a spoofed Internet banking log in page, where the victim would key in his online banking username and password,” the police stated. 

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Victims would then be redirected to a different web page to key of their OTPs. 

The victims solely found that they’d been scammed after they have been notified of unauthorised transactions made out of their financial institution accounts. 

Police warn of banking-related phishing scams; S$114,000 lost since May & More Latest News Update

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Police warn of banking-related phishing scams; S$114,000 lost since May & More Live News

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