The Straits Times-Jan 12, 2022

Scammers using fake text messages have targeted at least 469 OCBC Bank customers in recent phishing scams in which the victims have lost around $8.5 million in total. OCBC is not the only bank to have been targeted by fraudsters: Customers of DBS Bank or POSB, too, have felt their malevolence. Indeed, banking scams are part of a wider criminal use of the Internet to compromise everyday computer and online activity, to say nothing of threatening telephone calls from fake authorities that make victims drop their guard and composure to go along with the tricksters’ demands. Scams are nothing new. If anything, they are like a mutating virus which evolves constantly, updating its technique every time the devious methods of a previous attack are uncovered, revealed publicly and dealt with. Read more at: https://www.straitstimes.com/opinion/st-editorial/the-straits-times-says-dealing-with-scourge-of-online-scams  First published in: The Straits Times