S’pore Bank SMS Scam Appears In Legit Message Threads, Don’t Click The Links

Scam Bank SMS Appears In Official Message Threads

Though SMS phishing scams aren’t new, there seem to be novel tactics every time a spate of incidents surfaces.

The latest scam comes in the form of an SMS that notifies victims of transaction attempts from their bank accounts.

These messages would urge victims to click on a link if they did not make the transaction.

Unlike other spoof SMSes, these are harder to distinguish as they appear in the same thread as official bank messages.

SMS scam notifies victims of transaction attempts

According to The Straits Times (ST), this new scam variant has contributed to 374 cases with losses totalling about $1.07 million between January and May this year.

Notifying victims of transaction attempts, the SMSes contain a link that reportedly leads to a phishing website resembling the landing page of the official bank.

Source

The website will request victims’ personal particulars, internet banking details and one-time passwords (OTPs).

 

Source

After providing the information, victims would allegedly receive SMSes about money being transferred out of their bank accounts.

Banks will never ask for information over the phone

Channel NewsAsia (CNA) cited the Singapore Police Force’s (SPF) reminder to not click on the links or call the numbers in these unsolicited messages.

They also urge the public to verify the authenticity of the information with banks directly.

To avoid falling victim, we should remember to never disclose personal details like Internet banking info and OTPs to anyone.

Bank staff and government officials would never request such information over the phone.

Be wary of suspicious links & messages

Even though online transactions have made our lives virtually easier, security threats will always persist.

Therefore, we should be cautious of any suspicious links or messages.

If you have information pertaining to such scams, you can call the police hotline at 1800-255-0000, or report via their website here.

Have news you must share? Get in touch with us via email at news@mustsharenews.com.

All images courtesy of Silver Moon on Facebook and MS News. 

Iqmall Hayat

“Why waste time say lot word when few word do trick? ” -Kevin Malone

Recent Posts

3-room flat in Toa Payoh sold for S$808K, breaks record in estate

The previous record holder is also located in the same housing estate.

20 Jul 2024, 5:03 pm

Top UN court says Israeli occupation of Palestinian territories is illegal, calls for reparation

The ICJ also called for Israel to end its "unlawful presence" in the occupied Palestinian…

20 Jul 2024, 3:47 pm

Passenger refuses to give up first-class airplane seat for child, asks if she is in the wrong

A flight attendant was allegedly insistent on her giving up the seat.

20 Jul 2024, 2:22 pm

UK rioters overturn police car & set bus on fire, no injuries reported

Hundreds of rioters reportedly threw objects at police officers and damaged properties.

20 Jul 2024, 1:13 pm

M’sian man working in S’pore involved in fatal accident, brother passes by & finds his lifeless body

The older brother works in the same factory and arrived at the scene 10 minutes…

20 Jul 2024, 11:58 am

Global IT outage: Most airlines’ check-in operations restored at Changi Airport as of 20 July morning

A "small number" of airlines still require manual check-in.

20 Jul 2024, 10:58 am