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

The
Hong
Kong
Monetary
Authority
(HKMA)
has
issued
a
warning
to
the
public
regarding
a
fraudulent
social
media
page
impersonating
Bank
of
Singapore
Limited.
This
alert
comes
after
the
bank
reported
the
fraudulent
activity
to
the
HKMA,
according
to
the

HKMA.

Fraudulent
Social
Media
Activity

The
fraudulent
social
media
page
has
been
designed
to
deceive
individuals
into
believing
it
is
an
official
channel
of
Bank
of
Singapore
Limited.
The
HKMA
has
emphasized
the
importance
of
public
awareness
in
identifying
such
scams.
The
authority
has
advised
against
clicking
on
any
embedded
hyperlinks
in
messages
that
purport
to
come
from
banks,
as
these
are
often
used
to
conduct
fraudulent
transactions
or
collect
sensitive
personal
information.

Bank
of
Singapore’s
Official
Statement

Bank
of
Singapore
Limited
has
issued
a
press
release
detailing
the
fraudulent
activity
and
providing
guidance
on
how
customers
can
protect
themselves.
The
HKMA
has
made
this
press
release
available
on
its
website.
The
bank
stressed
that
it
does
not
send
SMS
or
emails
with
embedded
links
directing
users
to
its
website
for
transaction
purposes.
Additionally,
the
bank
will
never
request
sensitive
information
such
as
login
credentials
or
One-Time
Passwords
(OTPs)
via
phone,
email,
or
SMS.

Steps
for
Affected
Individuals

The
HKMA
advises
anyone
who
may
have
interacted
with
the
fraudulent
social
media
page
or
provided
personal
information
to
contact
Bank
of
Singapore
immediately
using
the
contact
details
provided
in
the
official
press
release.
Furthermore,
affected
individuals
are
urged
to
report
the
incident
to
the
Hong
Kong
Police
Force’s
Crime
Wing
Information
Centre
at
2860
5012.

The
HKMA
continues
to
monitor
and
address
cybersecurity
threats,
urging
the
public
to
remain
cautious
and
report
any
suspicious
activities
promptly.

Image
source:
Shutterstock