Monday, 28 January 2013

Protect yourself from frauds & scams

Five tips to protect yourself from ATM fraud

Card skimming scammers are becoming increasingly clever. Here s how to protect yourself from ATM fraud:
  • Protect your PIN
  • Pick your ATMs carefully
  • Get cashback from shops instead
  • Keep track of your accounts
  • Be suspicious
read more

What to do when ATMs give the wrong money

Banks take a dim view of customers who pillage their accounts by withdrawing money they don't have.
Frankly, doing this is just shooting yourself in the foot, because banks have a record of every transaction from every ATM.
Using this information, banks can and do track down every unauthorised withdrawal and demand immediate repayment. In the meantime, you'll be hit by sky-high charges for creating an unapproved overdraft. Thus, the banks eventually get their own back on cash-machine bandits!

read more

Cash machine scammers jailed

They could take your money and all you’d be left with was a sense of bafflement, but after a three-month investigation the five-person “cash claw” gang have now been jailed for a total of 71 months.

Their plan was ingenious. While we’ve all become aware of the risk of skimming, card cloning, people hovering over your shoulder or using miniature cameras to record your PIN, this gang cut out the middle man.

They just wanted the cash, not the card details, so that’s what they targeted.

read more

This scam secretly steals your bank details

Watch out for this online phishing scam which uses 'tab napping' to attack your computer - and your finances...

As internet users we’re all vulnerable to online scams. Unluckily for us, as soon as we become pretty good as spotting one type of attack, another more sophisticated version comes along in its place. In fact, technology company, Mozilla - which developed the Firefox web browser - has warned against a possible threat from a new scam known as ‘tab napping’ which takes phishing one step further.

What is tab napping?

read more


The five most common scams

Scam #1: Postal scams

Scam # 2: Email scams

Scam #3: Internet scams

Scam #4 Text message scams

Scam #5: Telephone scams

read more

Online romance scams
Love scam
Multiple trips to Malaysia, a fake United Nations officer, a fake bank website and a briefcase purportedly containing US$2 million (S$2.7 million) in cash - this was the elaborate set-up of a scam that swindled a woman here of $1.1 million

The 45-year-old victim, Grace (not her real name), was duped into believing she was helping to free a "close friend" who had been detained in Malaysia on suspicion of money laundering.

Her case is among 349 love scams reported to the police in the first half of this year.

The Singapore permanent resident, who had been doing business here for over a decade, met a Canadian man named Lee, 52, through a friend here last September. They went out several times and kept in touch via Facebook.

read more

Web Love Scams
Cheated - men seeking sex, women seeking love

Singapore saw a sharp rise in online crime cases last year, with men making up the biggest group of victims: More than a thousand were tempted into handing over money for sexual services that never materialized.

There were slightly over 1,200 such cases, up from just 66 in 2014, according to annual police crime statistics released yesterday.

Victims, aged from 14 to 69, were cheated out of almost $3 million in total, by women purporting to offer sex in exchange for online credits or gift cards

read more

Internet Love Scams
Soaring numbers of Singaporean women fall prey to web love scams

Soaring numbers of Singaporeans - mostly women - are falling victim to "Internet love scams" police said in a Valentine's Day warning that criminals are exploiting lonely hearts increasingly turning to the web to find partners.

The number of people robbed by online con artists faking romantic interest before tricking people out of money jumped 62 per cent between 2012 and 2013, police said in an annual crime briefing. Official figures also show e-commerce rackets doubled to 509 in 2013. The total amount reported lost to such forms of fraud in 2013 was $6.01 million, police said, a steep rise from $1.20 million in 2012.

Police said the victims of the online love scams were mainly women searching for partners in social networks and on dating websites.

read more

Protect yourself from frauds & scams

Five tips to protect yourself from ATM fraud

Card skimming scammers are becoming increasingly clever. Here s how to protect yourself from ATM fraud:
  • Protect your PIN
  • Pick your ATMs carefully
  • Get cashback from shops instead
  • Keep track of your accounts
  • Be suspicious
read more