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SG authorities flag 28 cases of banking-related phishing scams

The Singapore Police Force (SPF) has noted two variants to the latest trend of phishing scams just as the Monetary Authority of Singapore (MAS) and Association of Banks in Singapore (ABS) announced more measures for banks to safeguard their customers from digital banking scams. In the first variant, callers would impersonate bank employees to ask for victims’ personal details such as Internet banking username and password. In the second variant, the victims would receive unsolicited text messages claiming that their debit or credit card had been blocked due to unusual activities, or that their bank account had been frozen because the “bank account was unusual”. Both variants, the police said, have claimed at least 28 victims, who collectively lost SGD114,000 since the start of May.

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