It’s not just OCBC and Singapore, scammers are ripping off people across Asia - The Independent Singapore News

28/1/2022 4:16:00 AM

It’s not just OCBC and Singapore, scammers are ripping off people across Asia - The Independent Singapore News

It’s not just OCBC and Singapore, scammers are ripping off people across Asia - The Independent Singapore News

Singapore — The phishing scams that burst into media headlines in Singapore last month have also swept through other countries in Asia. People in Hong Kong, Malaysia, India, the Philippines, and elsewhere have also lost millions of dollars to similar scams, as fraudsters have become more sophisticated in carrying out their schemes. As with the …

In the Philippines,five people were arrested last weekover a massive online banking fraud that happened shorty before the Christmas holidays. That compromised the accounts of more than 700 clients of BDO Unibank, one of the country’s biggest. The clients reported that unauthorised transfer of funds seemed to have happened overnight.

Screengrab of BDO phishing scam/ BDO UnibankIn India, the elderly have been among the most vulnerable to such scams, especially those who are not digitally savvy. SCMP reported that in that country, US$25 million monthly (S$33 million) is lost through digital scams to cyber criminals.

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Stories you might've missed, Jan 26 - The Independent Singapore NewsHere are stories you might've missed. 𝖨𝗇𝗏𝖾𝗌𝗍𝗂𝗇𝗀 𝗐𝗂𝗍𝗁 𝗒𝗈𝗎𝗋 𝖼𝗈𝗆𝗉𝖺𝗇𝗒 𝗉𝗅𝖺𝗍𝖿𝗈𝗋𝗆 𝗐𝖺𝗌 𝖺 𝗀𝗋𝖾𝖺𝗍 𝗌𝗍𝖾𝗉 𝖿𝗈𝗋 𝗆𝖾. I also appreciate your knowledge sincerity while trading with you at first 𝖨 𝗂𝗇𝗏𝖾𝗌𝗍𝖾𝖽 $2000 𝖺𝗇𝖽 𝗀𝗈𝗍 $13,000 𝗂𝗇 𝖺 𝗐𝖾𝖾𝗄 thanks tyron_robert7

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in Hong Kong through cryptocurrency wallets and bank accounts.LinkedIn KUALA LUMPUR : Malaysia's AirAsia X Bhd (AAX) has signed a partnership deal with French logistics firm Geodis, aiming to develop cargo capacity and generate revenue while passenger flights remain grounded due to coronavirus travel curbs, the airline said in a statement on Wednesday.Read now Please verify your e-mail to read this subscriber-only article in full The gift link for this subscriber-only article has expired.Anna Maria Romero - Advertisement - Singapore — Workers’ Party legend Low Thia Khang was seen accompanying Workers’ Party MP Jamus Lim (Sengkang GRC) during a recent estate walk.

In the Philippines, five people were arrested last week over a massive online banking fraud that happened shorty before the Christmas holidays. That compromised the accounts of more than 700 clients of BDO Unibank, one of the country’s biggest. 20, with further extensions to be contemplated. The clients reported that unauthorised transfer of funds seemed to have happened overnight. You have reached your limit of subscriber-only articles this month. Screengrab of BDO phishing scam/ BDO Unibank In India, the elderly have been among the most vulnerable to such scams, especially those who are not digitally savvy. [nL1N2T10QR] Under the agreement, AAX will provide regular dedicated scheduled cargo flights between Kuala Lumpur and Hong Kong, Chennai, Shanghai and Sydney, it said. SCMP reported that in that country, US$25 million monthly (S$33 million) is lost through digital scams to cyber criminals. Mr Low came along for the second half-day of the walk, and the MP wrote that he learned much from the former WP chief.

The report quotes cybersecurity expert and Supreme Court lawyer Pavan Duggal as saying, “Senior citizens are being targeted by scammers primarily because they have been forced to adopt digital payments without being appropriately trained for this shift. He said cargo accounted for 7per cent of the airline's total revenue before the COVID-19 pandemic, but he expects the cargo operations to contribute at least 40-50per cent of total revenue moving forward..” - Advertisement 2- Last year in Malaysia, there were 8,992 cases of online scams that saw losses of 58 million ringgit (S$18.65 million), compared with 2019 when there were 2,512 cases involving losses of 30 million ringgit (S$9. (Reporting by Liz Lee; Editing by Kenneth Maxwell) Source: Reuters.65 million). In the wake of the scam, that another layer of measures to fortify digital banking security would be added, but told the public that “customer vigilance is paramount”. - Advertisement 2- But he did note this drawback to making the rounds with Mr Low: “Postscript: My only qualm about walking with Mr Low is that – given his celebrity status – we get stopped all the time to chat with residents!” Mr Low, 65, had announced before the 2020 General Election that he would not stand for election, but would remain active in politics.

In the meantime, a warned that “The next attack might not happen on OCBC anymore. But customers of other platforms, businesses and organisations are still vulnerable to being phished. “One Singaporean scammed is one too many. We must work together to stop the scams from happening.” He also urged Singaporeans to sign a calling for more awareness about the issue.

/TISG - Advertisement 3- Read also: Data scientist proves IMDA’s protection scheme against SMS phishing is still vulnerable to hackers Follow us on Social Media Send in your scoops to news@theindependent.sg - Advertisement - .