Singapore central bank warns of fake calls impersonating staff

It stressed that it would never ask the public for personal or bank information.

The Monetary Authority of Singapore (MAS) has warned the public of individuals posing as MAS or bank staff and requesting for personal or bank information, according to a news release.

The regulator stressed that it would never ask the public for such information nor security login details.

The fraudulent calls and messages may be received through Viber or WhatsApp from local or overseas numbers that use caller ID spoofing technology to display a MAS number. The perpetrators may use MAS’ logo as profile picture and inform the recipient that their bank account has been locked or suspended, and would offer assistance to resolve the matter.

The fraudsters would then ask for personal details such as user ID and password. There have been reports of people using similar tactics to pose as bank employees asking for similar information.

The public is urged to report any suspicious calls to MAS or to the police.

Join Asian Banking & Finance community
Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Bank of Singapore closes data centre fund following high demand
BOS said that it was amongst its most successful closed-ended offerings in years.
PBCOM names two branch banking heads
President and CEO John Ong has been approved as a full member of the trust committee.
Retail Banking
Maybank launches ringgit account for Singapore corporate clients
Maybank has seen growing demand for cross-border banking services since the launch of the JS-SEZ.

Exclusives

KB Bank wants a place in your shopping cart
It is expanding offers through e-commerce platforms and Korean beauty clinics.
Banks told to stop playing Gen Z card
Complicated reward schemes and spending conditions can erode card benefits.