Young couple in SG lost S$120,000 in fake text message scam targeting bank customers

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It took a man and his wife five years to save about S$120,000 (RM372,620), but in just 30 minutes, scammers using a fake text message stole the money they had kept in their joint savings account.

, Francisco Celio, head of group corporate security at OCBC Bank, said it has been assisting those affected.

and has also stopped sending SMSes with links in them in the light of the spate of phishing incidents. “While the attack may have been particularly aggressive, it is OCBC’s duty to their customers to be ready for this,” they said. “Once the victim unwittingly responds by entering the bank account credentials, the hackers’ technologies can divert and capture a copy of the SMS OTP issued by the bank,” he said.

 

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