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HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore

August 9, 2024Updated:August 12, 2024No Comments2 Mins Read
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HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore
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Rebeca Moen
Aug 09, 2024 14:11

The Hong Kong Financial Authority (HKMA) warns the general public a couple of fraudulent cell 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 cell utility linked to Financial institution of Singapore Restricted. Based on the HKMA, the faux app has been reported to the regulatory physique, prompting a direct alert to safeguard shoppers.

Particulars of the Fraudulent App

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

Public Advisory

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

People who’ve inadvertently offered private info or carried out monetary transactions through 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 in opposition to phishing makes an attempt and different types of on-line fraud. Shoppers 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 regulation enforcement businesses to mitigate the dangers posed by fraudulent actions and to guard the pursuits of shoppers.

Hong Kong Financial Authority
9 August 2024

Picture supply: Shutterstock


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Bitwise Asks SEC To Protect Funds Relying On Token Status Filings
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