A significant proportion of the scam reports lodged involved unauthorised overseas PayNow transfers, say the police.
In December, at least 1,115 victims wereThis compares to at least 975 victims, with reported losses adding up to at least $938,000, from January to November in 2022.
"Based on investigations, a significant proportion of the reports lodged involved unauthorised overseas PayNow transfers," the police added. "This is a troubling trend, because once money is moved overseas, the chances of recovery are very slim."Scammers would pose as prospective buyers on Carousell, who would then ask sellers - in this case, victims - to key in their banking details on spoofed websites to facilitate payment.
"These include but are not limited to adding friction into overseas PayNow transfers as the affected banks deem appropriate until this threat subsides." CNA has contacted Carousell and the Association of Banks in Singapore for more information on these measures.
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