The Singapore Police Force has warned the public about a rise in phishing scams involving YouTrip e-wallet accounts, with at least 21 cases reported since June 14 and losses amounting to about S$16,000.
Victims were lured by online advertisements for cheap food items such as durians and were directed to fraudulent websites.
They were asked to provide their YouTrip card details, delivery information and phone numbers.
Scammers then attempted to log in using the numbers, which triggered a one-time password (OTP) sent to the victims’ phones.
Believing the OTP was needed to complete their purchase, victims entered it on the fake website, followed by their six-digit YouTrip login PIN.
These details allowed the scammers to take over the accounts and make unauthorised transactions.
Most victims only discovered the fraud after their accounts were compromised.
While recent cases involved food promotions, police said scammers are likely to change their tactics and warned against entering e-wallet login details on unverified websites.
Users are advised to only use official apps and platforms, and to contact their financial institutions immediately if they detect unauthorised transactions.
Authorities also reminded the public to install the ScamShield app, enable two-factor authentication, avoid clicking suspicious links, and remain cautious of deals that appear too good to be true.
Reports of suspicious activity can be made to financial institutions or relevant platforms.
Featured image: Edited by Fintech News Singapore, based on image by upklyak via Freepik
