At least S$8.5 million lost in December to phishing scams involving OCBC Bank | #phishing | #scams

Members of the public are advised not to click on “dubious” URL links provided in unsolicited text messages. OCBC will not send SMSes containing Bitly links, said SPF.

“Always verify the authenticity of the information with the official website or sources. Never disclose your personal or Internet banking details and one-time password to anyone.

“Report any fraudulent transactions to your bank immediately,” it added.


OCBC on Thursday warned customers about the scams “given the potential surge in attacks this New Year weekend”.

Between Dec 8 and Dec 17, 26 customers reported a loss of about S$140,000 to phishing scams, said the bank in a media advisory sent to CNA.

“However, scammers’ phishing attacks have become particularly aggressive in recent weeks, especially during the Christmas weekend,” it added.

From Dec 24 to Dec 26, there were 186 customers affected, with about US$2.7 million lost.

“Once the funds have left the customer’s account, the possibility of recovery is very low,” said OCBC.

“They often reroute the monies through various accounts, making it difficult to track their movement and even harder to recover the cash.”

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