The big news story so early in the year began with a young couple who got scammed out of a huge sum of money in a “phishing scam” targeted at OCBC customers. The details of the story can be found here:
I guess if you have to be fair to scammers, the guys who create the sophisticated scams actually work very hard to create something that most people wouldn’t be able to recognise as a scam. How, for example would an untrained eye be able to distinguish between the real bank and the scammers’ creation when the difference in the URL is ever so slight?
One of the more sophisticated ones that comes to mind involved getting mid-level professionals to invest in hydroponic farms. It sounded credible. The government had been talking about food security and not depending on imports and the science of hydroponics has been proven. So, in that respect the premise was credible.
Another way scammers take to gain the trust of victims is to use “trusted people”. One of the saddest cases that comes to mind was that of an “investment” house that claimed to be lending money to banks that offered higher interest rates.In this case, the premise sounded improbable. But it turned out that the main scammer was the kind of person the targets were inclined to trust – specifically a well-established working professional.
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Source: IndependentSG - 🏆 9. / 63 Read more »
Source: IndependentSG - 🏆 9. / 63 Read more »
Source: IndependentSG - 🏆 9. / 63 Read more »
Source: IndependentSG - 🏆 9. / 63 Read more »
Source: IndependentSG - 🏆 9. / 63 Read more »