HKMA warns public about fraudulent social media pages linked to Singapore banks

The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent social media pages impersonating Bank of Singapore Limited. According to the HKMA, the warning was issued after the bank reported fraudulent activity to the HKMA.

Fraudulent social media activity

Fraudulent social media pages are designed to trick individuals into believing they are official channels of Bank of Singapore Limited. HKMA stressed that public awareness is important in identifying such scams. The authority advised people not to click on hyperlinks contained in messages that appear to be from banks, as these hyperlinks are often used to conduct fraudulent transactions or collect sensitive personal information.

Official statement from Bank of Singapore

Bank of Singapore Limited has issued a press release detailing fraudulent activity and providing guidance on how customers can protect themselves. The HKMA has posted this press release on its website. The bank stressed that it does not send SMS or emails containing embedded links that direct users to websites for transaction purposes. The bank also does not request sensitive information such as login credentials or one-time passwords (OTPs) via phone, email or SMS.

Steps for Affected Individuals

HKMA advises anyone who 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. In addition, affected individuals are urged to report the incident to the Hong Kong Police Force Crime Branch Information Centre on 2860 5012.

The Hong Kong Monetary Authority continues to monitor and respond to cybersecurity threats and urges the public to be vigilant and promptly report any suspicious activity.

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