$484k lost to DBS and POSB impersonation scams since Jan 15
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At least 72 cases involving scammers impersonating DBS Bank and POSB have been reported since Jan 15, with total losses amounting to at least $484,000. In a joint statement issued on Friday (March 27), the police and DBS said that in this scam variant, v$484k lost to DBS and POSB impersonation scams since Jan 15
At least 72 cases involving scammers impersonating DBS Bank and POSB have been reported since Jan 15, with total losses amounting to at least $484,000. In a joint statement issued on Friday (March 27), the police and DBS said that in this scam variant, victims would receive emails purportedly from DBS or POSB claiming that their digital tokens have expired and need to be activated or updated. These emails would contain embedded links directing recipients to phishing websites that resemble official DBS or POSB webpages. Victims are then misled into entering their banking credentials, credit or debit card details, and one-time passwords to activate or update their digital tokens. Victims would subsequently discover unauthorised transactions, including those in foreign currencies such as euros and Saudi riyals, made on their bank accounts or cards, said the police. Read more
