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Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets

Fintech News

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. To complete this, they trick victims into entering an SMS OTP on the phishing site, granting them full control over the stolen card.

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Data: The new face of phishing

Payments Source

Today phishing scams have become so elaborate that they can take a variety of forms, including a phony job interview.

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DBS Introduces Mobile Wallet Toggle to Help Prevent Phishing-Linked Fraud

Fintech News

Featured image: Edited by Fintech News Singapore, based on image by donidas via Freepik The post DBS Introduces Mobile Wallet Toggle to Help Prevent Phishing-Linked Fraud appeared first on Fintech Singapore. By introducing the deliberate pause, we enable customers to be alert when performing transactions.

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Cyber Threats Surge in India’s Financial Sector

Fintech News

Attack vectors across the banking, financial services and insurance industry operations, Source: Digital Threat Report 2024, CERT-In, CSIRT-Fin and SISA Phishing attacks surge In H1 2024, cybersecurity firm Kaspersky recorded more than 135,000 phishing attacks targeting Indias financial sector.

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Vietnam Central Bank Warns of Phishing Emails Requesting Biometric Data

Fintech News

The State Bank of Vietnam (SBV) has recently alerted the public about a series of phishing scams involving imposters posing as the central bank. Fraudsters are impersonating the SBV via email, attempting to trick individuals into clicking on phishing links under the guise of updating their biometric information for banking purposes.

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Crooks use progressive web apps for new phishing scam

Finextra

Security researchers have identified a new phishing technique using progressive web applications (PWAs) to target customers of banks in Eastern Europe.

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Police bust cybercrime phishing subscription network

Finextra

Police have arrested 37 members of a criminal gang that operated a phish-for-subcription Website that duped up to 70,000 UK victims into entering their bank details at fraudulent internet sites.

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