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HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore

9 August 2024
in Blockchain
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Rebeca Moen
Aug 09, 2024 14:11

The Hong Kong Financial Authority (HKMA) warns the general public a few fraudulent cellular app related to Financial institution of Singapore Restricted.





The Hong Kong Financial Authority (HKMA) has issued a warning to the general public concerning a fraudulent cellular utility linked to Financial institution of Singapore Restricted. Based on the HKMA, the pretend app has been reported to the regulatory physique, prompting an instantaneous alert to safeguard customers.

Particulars of the Fraudulent App

The HKMA highlighted that the fraudulent app mimics reliable banking purposes, doubtlessly deceiving customers into sharing delicate private info. The official press launch from Financial institution of Singapore Restricted, which addresses this fraudulent app, could be accessed by the HKMA web site.

Public Advisory

The HKMA has reiterated that reliable banks is not going to ship SMS or emails containing embedded hyperlinks directing prospects to their web sites for transactions. Moreover, banks won’t ever request delicate private info, reminiscent of login passwords or One-Time Passwords (OTPs), by way of telephone calls, emails, or SMS, together with by hyperlinks.

People who’ve inadvertently offered private info or performed monetary transactions by way of the fraudulent app are urged to right away contact their financial institution utilizing the official contact particulars offered within the press launch. Moreover, they need to report the incident to the Police by contacting the Crime Wing Data Centre of the Hong Kong Police Power at 2860 5012.

Preventive Measures

In mild of this incident, the HKMA advises the general public to stay vigilant towards phishing makes an attempt and different types of on-line fraud. Customers are inspired to confirm the authenticity of any communication obtained from their banks and to keep away from downloading apps from unverified sources.

The HKMA continues to work carefully with monetary establishments and legislation enforcement businesses to mitigate the dangers posed by fraudulent actions and to guard the pursuits of customers.

Hong Kong Financial Authority9 August 2024

Picture supply: Shutterstock



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Tags: AlertsAppbankfraudulentHKMAlinkedPublicSingapore
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