At least 124 victims have lost $330,000 to social media impersonation scams since Jan 1

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At least 124 victims have lost $330,000 to social media impersonation scams since Jan 1
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There has been a resurgence of social media impersonation scams involving fake campaigns, the police observed.

The OTPs provided by the victims would be abused by the scammers to approve transactions from the victims’ linked bank accounts/cards to ewallets . Victims may also lose access to their Instagram/Facebook accounts after giving away OTPs that were meant to reset their account passwords. iv.

Victims would later discover unauthorised transactions made to their banking accounts and/or unauthorised charges made to their handphone bills.ADD - ScamShield App and set security features or multifactor authentication for banks, social media, Singpass accounts; set transaction limits on internet banking transactions, including PayNow/PayLah).

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