The participating banks, who took part in the two-month operation, from 1 November 2024 to 31 December 2024, were DBS Bank, UOB Bank, OCBC Bank, Standard Chartered Bank, HSBC Bank, and GXS Bank.
A Singapore Police media release said: “In this scam [PayNow] campaign, victims would receive a text message stating – ‘Pay Now: Your certificate expires in 3 days. Renew it now at
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The participating financial institutions are DBS Bank, HSBC Bank, OCBC Bank, Standard Chartered Bank, and UOB Bank. They worked with law enforcement, utilising Robotic Process Automation (RPA) technology to identify victims of job, investment, fake friend call, and e-commerce scams.
The festival of Diwali is just days away, and for Indians everywhere, it means cherry-picking the best buys from an explosion of online shopping offers. However, in this day and age, a dealfest also means that cyber-crooks are just as much out there, picking their targets.
Bhargavi Mani shared screenshots of the scam on social media and narrated her ordeal. As per Mani, she was scammed while attempting to access a lounge before her flight.
The majority of those arrested in Singapore are suspected to have allowed scammers to use their bank accounts or netbanking credentials to be used for fraudulent transactions.
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Messages from these messaging applications would appear alongside legitimate SMSes in the victim’s mobile devices. While there are safeguards such as the SMS Sender ID Registry (SSIR) to protect public from spoofed SMSes, such protection does not extend to online messaging applications.
SFV will be triggered in higher risk scenarios to strengthen and complement existing authentication methods for DT setup.
