Nearly 470 people lose at least $8.5m in phishing scams involving OCBC Bank

They discovered that they had been scammed when they received notifications that there were unauthorised transactions in their bank accounts.

“Once the funds have been fraudulently transferred out of the victim’s bank account, it would be challenging and difficult to recover the stolen monies,” said the police.

They added that OCBC Bank has warned its customers about the phishing SMSes via several channels, including its online banking platforms, social media page and media advisories.

Having seen an increase in such phishing scams, the police are urging the public to follow crime prevention measures.

First, do not click on dubious URL links provided in unsolicited text messages. OCBC will not send SMSes containing links.

Second, always verify the authenticity of the information with the official website or sources.

Third, never disclose your personal or Internet banking details and one-time password to anyone.

Lastly, fraudulent transactions should be reported to your bank immediately.

The police urge anyone with information relating to such crimes to call their hotline at 1800-255-0000, or submit it online. Those who require urgent police assistance should dial 999.

Despite advisories and warnings issued by the authorities throughout the year, scams of different varieties continue to be a scourge in Singapore.

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *