Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets
Fintech News
FEBRUARY 17, 2025
Singapore authorities and banks are ramping up efforts to tackle a growing scam where fraudsters steal card details through phishing and trick victims into providing an OTP. This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions.
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