SG police: Resurgence of scam targeting bank customers who are told their accounts have been suspended


The police said that those who receive a suspicious message or call purporting to be from their bank should verify it by calling the hotline published on the bank’s website and not the number provided in the SMS. — Business photo created by ijeab - www.freepik.com

SINGAPORE: A scam where customers receive an SMS message claiming their bank accounts have been suspended has resurfaced here, the police said on April 26.

These spoofed messages, which appear in the same thread as the official messages from local banks, would direct customers to call a phone number for assistance.

Swindlers impersonating bank staff would answer the call and ask victims for their NRIC and credit card details.

After providing their details, victims would discover that unauthorised transactions were made from their bank accounts.

When they contact the bank’s hotline, they would be told there are no security issues with their card.

The police said that those who receive a suspicious message or call purporting to be from their bank should verify it by calling the hotline published on the bank’s website and not the number provided in the SMS.

The spoofed messages appear in the same thread as the official messages from local banks. — SINGAPORE POLICE FORCEThe spoofed messages appear in the same thread as the official messages from local banks. — SINGAPORE POLICE FORCE

They should also check the messages for grammatical errors, which is an indication of a scam.

Police said the public should not disclose their banking details and one-time password to anyone.

In January this year, police warned of a scam involving callers who impersonate Singapore government officials.

Victims in such cases receive phone calls or messages allegedly from government agencies, such as the police or Ministry of Manpower, claiming that there are issues with their bank accounts.

The same ruse would then be used to get their banking or personal details.

Around 900 cases of bank-related phishing scams were reported in the first six months of 2020, a more than 25-fold increase from just 34 such cases for the same period in 2019.

Losses amounted to more than Sg$3.6mil (RM11.14mil) for the same period in 2020. – The Straits Times (Singapore)/Asia News Network

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Bitcoin falls 8.6% to $32,540
Tesla to hold AI Day in "about a month" for hiring - Musk
U.S. SEC probing SolarWinds clients over cyber breach disclosures -sources
India plans tighter e-commerce rules amid complaints over Amazon, Flipkart
Thirteen groups oppose two Big Tech antitrust bills before U.S. Congress
Intel to work with India's Reliance Jio on 5G network technology
SolarWinds hackers could have been waylaid by simple countermeasure - U.S. officials
Revolut annual losses double on rising risk control costs
Flipkart tells Indian court it offers lower fee if sellers cut prices
U.S. Commerce Department rescinds TikTok, WeChat prohibited transactions list

Stories You'll Enjoy


Vouchers