Nation

WARNING: Scammers Exploit WhatsApp to Steal Over $3 Million in Singapore!

2025-06-28

Author: John Tan

Massive Scam Alert in Singapore!

In a shocking revelation, Singaporean authorities are sounding the alarm as scammers posing as officials from the Monetary Authority of Singapore have swindled over $3 million from more than 46 victims since June. This alarming scheme involves the use of WhatsApp’s screen-sharing feature, allowing fraudsters to gain access to sensitive banking information.

The Deceptive Scheme Unfolds

Victims are targeted through calls from local numbers, with perpetrators impersonating representatives from well-known companies like NTUC Income and UnionPay. They create a facade of urgency, alleging there are issues with insurance policies.

Upon being confronted about the non-existent policies, the victims are redirected to another scammer, who masquerades as an MAS officer. This second con artist falsely claims the victims' bank accounts are involved in money laundering activities, coercing them to transfer their funds to a separate account for 'safekeeping'.

How Scammers Gain Control

Using WhatsApp’s screen-sharing function, these crooks meticulously guide victims through internet banking procedures, exposing their banking credentials. The scam often unravels only when victims find themselves unable to reach their 'representatives' or are urged to send even more money.

Protect Yourself from Fraud!

Authorities are urging the public to exercise extreme caution, emphasizing that individuals should NEVER share their device’s screen with unverified persons. Doing so can lead to unauthorized transactions and devastating financial losses.

Officials stress that legitimate government agencies will NEVER request money transfers, banking login information, or instruct individuals to install apps from unofficial sources. They also advise against routing calls to the police through phone calls made by unknown parties.

The Growing Crisis of Scams

Scams are increasingly becoming a rampant issue in Singapore, with losses skyrocketing to a staggering $1.1 billion in 2024 alone, a staggering 70% hike from previous years. Since 2019, victims have reported a crippling total of over $3.4 billion lost to various scams. In 2024, scam reports hit an all-time high of 51,501.

Your Safety is Paramount!

To safeguard against these scams, the police recommend downloading the ScamShield app, which helps block scam calls and filter SMS messages. If you notice suspicious activity in your bank accounts, report it immediately!

Stay vigilant, Singapore! The battle against scams is ongoing, and your prompt action could save your hard-earned money.