HKMA Alerts Public to Fraudulent Social Media Page Linked to Bank of Singapore

The Hong Kong Financial Authority (HKMA) has issued a warning to the general public concerning a fraudulent social media web page impersonating Financial institution of Singapore Restricted. This alert comes after the financial institution reported the fraudulent exercise to the HKMA, in line with the HKMA.

Fraudulent Social Media Exercise

The fraudulent social media web page has been designed to deceive people into believing it’s an official channel of Financial institution of Singapore Restricted. The HKMA has emphasised the significance of public consciousness in figuring out such scams. The authority has suggested towards clicking on any embedded hyperlinks in messages that purport to return from banks, as these are sometimes used to conduct fraudulent transactions or accumulate delicate private data.

Financial institution of Singapore’s Official Assertion

Financial institution of Singapore Restricted has issued a press launch detailing the fraudulent exercise and offering steering on how prospects can shield themselves. The HKMA has made this press launch obtainable on its web site. The financial institution pressured that it doesn’t ship SMS or emails with embedded hyperlinks directing customers to its web site for transaction functions. Moreover, the financial institution won’t ever request delicate data resembling login credentials or One-Time Passwords (OTPs) by way of cellphone, electronic mail, or SMS.

Steps for Affected People

The HKMA advises anybody who could have interacted with the fraudulent social media web page or offered private data to contact Financial institution of Singapore instantly utilizing the contact particulars offered within the official press launch. Moreover, affected people are urged to report the incident to the Hong Kong Police Power’s Crime Wing Info Centre at 2860 5012.

The HKMA continues to observe and handle cybersecurity threats, urging the general public to stay cautious and report any suspicious actions promptly.

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