OCBC Bank scams

The scam affected at least 469 OCBC customers and amounted to around S85 million in losses altogether making it one of the more widespread cases of. The bank said in a warning on Dec.

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In the final two weeks of December 2021 at least 469 OCBC customers fell victim to phishing scams that saw a collective S85 million swiped from their bank accounts.

. While there have been many. Reported losses from the scam amounted to at least S85 million 631 million in December and ensnared at least 469 customers. These SMSes or WhatsApp messages are NOT sent by OCBC Bank.

Recently OCBC Bank issued an urgent warning about phishing scams attempting to impersonate the bank. At least S85 million were lost in phishing scams involving SMSes impersonating OCBC Bank in December said the Singapore Police Force SPF on Thursday Dec 30. 1 day agoSINGAPORE - OCBC Bank will be conducting a thorough probe to identify the deficiencies in its processes and implement the necessary measures to address them after a spate of SMS phishing scams.

MAS takes a serious view of the recent phishing scams involving OCBC Bank the Monetary Authority of. The MAS has been following up with the bank on these and broader issues relating to the scams. OCBC said it was working with the Singapore Police Force Anti-Scam Centre to assist customers defrauded in the fake SMS phishing scams.

Members of the public have received unsolicited SMSes purportedly from the Bank claiming. A 38-year-old software engineer who fell prey to the same scam on Dec 28 told ST that he lost about 250000 he had been saving. In a news release.

OCBC Bank and SAS collaborated in a phased deployment of FSS as part of the Banks Operational Risk Management program to monitor customer activities and transactions resulting in improved customer. OCBC Bank has seen a sharp rise in the number of smishing phishing via SMS scams impersonating the Bank over the past few weeks. 1 day agoMAS takes a serious view of the recent phishing scams involving OCBC Bank the Monetary Authority of Singapore MAS said in a statement.

SINGAPORE - OCBC Bank on Thursday Dec 23 warned that there has been a sharp rise in the number of phishing scams via SMS impersonating it with 26 customers losing a total of 140000 to these. In Singapore banking-related scams surged in the wake of the pandemic leaving clients vulnerable to phishing and other means of fraud. 1 day agoSINGAPORE - Some OCBC Bank customers who lost money in the recent SMS scams were puzzled that they did not get one-time passwords OTPs in SMSes sent by the bank to verify the unauthorised.

These phishing scams impersonate the OCBC SMS service making it convincing that the sender scammer appears to be the same as the actual OCBC SMS notifications. NEVER fall for such scams. However OCBC Bank and SPF acknowledged that recovering the stolen money was very challenging once the funds exited the owners.

1 day agoOCBC Bank acknowledged that its incident response and customer service was lacking. 24 that there has been a sharp. The payouts to this group of.

These SMSes purportedly from OCBC claimed there were issues with the recipients. Noting that OCBC has begun to make payouts to victims of the scam MAS expects that all affected customers will be treated fairly. 1 day agoSINGAPORE - OCBC Bank customers who were scammed have felt great pain with some losing life savings that they had built up for their.

In December 2021 OCBC Bank made several announcements warning about scams targeting OCBC customers. OCBC Bank has again warned customers about the recent smishing phishing via SMS scams impersonating the Bank this month given the potential surge in attacks this New Year weekend. OCBC cautions about SMS scams after customers lose 140k in 10 days.

Once the call is placed the scammer claiming to be from OCBC Bank will ask the recipient to make a funds transfer to another OCBC account on the pretext that it is for the fixed deposit placement. OCBC skeptical about recovering money stolen through fake SMS phishing scams. OCBC Bank has announced it has begun making goodwill payouts since 8 January 2022 for customers who have fallen prey to recent SMS phishing scams.

OCBC Bank warned that 26 customers lost a total of S140000 to phishing scams via SMS messages in 10 days from Dec. Personally I have received such a. OCBC said on Monday Jan 17 that it has begun making goodwill payouts to customers who had fallen prey to recent phishing scams involving the bank.

1 day agoSINGAPORE - OCBC Bank said on Monday Jan 17 that it has already been making goodwill payments to customers who lost funds from their bank accounts in a recent spate of SMS phishing scams. On 23 December 2021 OCBC Bank had issued its first media advisory to warn of a surge in these scams and advised customers that these SMSes were not sent. To date more than 30 customers have received.

MAS has been following up with the bank on these and.

Ocbc Sms Phishing Scams