Lareina
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SINGAPORE - At least 10 people have fallen prey to banking-related phishing scams in May, losing more than $70,000.
The police issued an advisory on Sunday (May 22) warning the public of an increase in phishing scams where scammers impersonate bank staff and target victims through phone calls or SMS messages.
In one of these scams, people would receive phone calls from callers pretending to be bank employees. Victims would be told by the callers that their bank cards may have been compromised. They would ask for the victims' bank account information to enable them to resolve the matter. After the victims provided their bank account numbers, they would receive one-time passwords (OTPs) on their mobile phones. The callers would then ask the victims for the OTPs.
In another scam variant, victims would receive an SMS message stating that there were issues with their credit or debit cards, and that they should dial the number included in the SMS for assistance. After calling the number, victims would speak to scammers who would confirm that there were issues with the victims' cards. The scammers would then ask for the victims' credit or debit card details and OTPs under the pretext of assisting them.
The victims would realise that they had been scammed when they discover unauthorised transactions made from their bank accounts.
In February, the police said that victims in Singapore lost at least $633.3 million to scams last year.
Phishing scams involving SMS messages from scammers impersonating bank staff in Singapore have increased significantly, from 149 cases in 2020 to 1,021 last year.
https://www.straitstimes.com/singap...hishing-scams-after-10-people-lose-over-70000
Again, aren't we told that banks shouldn't be calling us and ask us for personal information???
If anything, we should be the one calling the banks, not the bank call us.
The police issued an advisory on Sunday (May 22) warning the public of an increase in phishing scams where scammers impersonate bank staff and target victims through phone calls or SMS messages.
In one of these scams, people would receive phone calls from callers pretending to be bank employees. Victims would be told by the callers that their bank cards may have been compromised. They would ask for the victims' bank account information to enable them to resolve the matter. After the victims provided their bank account numbers, they would receive one-time passwords (OTPs) on their mobile phones. The callers would then ask the victims for the OTPs.
In another scam variant, victims would receive an SMS message stating that there were issues with their credit or debit cards, and that they should dial the number included in the SMS for assistance. After calling the number, victims would speak to scammers who would confirm that there were issues with the victims' cards. The scammers would then ask for the victims' credit or debit card details and OTPs under the pretext of assisting them.
The victims would realise that they had been scammed when they discover unauthorised transactions made from their bank accounts.
In February, the police said that victims in Singapore lost at least $633.3 million to scams last year.
Phishing scams involving SMS messages from scammers impersonating bank staff in Singapore have increased significantly, from 149 cases in 2020 to 1,021 last year.
https://www.straitstimes.com/singap...hishing-scams-after-10-people-lose-over-70000
Again, aren't we told that banks shouldn't be calling us and ask us for personal information???
If anything, we should be the one calling the banks, not the bank call us.
