Four common types of scams and how to recognise them

In the recent scams involving OCBC Bank, fraudsters sent SMS messages claiming to be from the bank to trick its customers. — Reuters

SINGAPORE: Scams are on the rise. Nearly 470 OCBC Bank customers lost at least S$8.5mil (RM26.50mil) to a spate of SMS phishing scams last month, and other banks such as DBS and UOB recently warned of similar scams impersonating bank employees.

Here are some of the most common types of scams going around.