Home NEWS At least 104 victims lose $63k to social media scams offering discounted goods in 2024

At least 104 victims lose $63k to social media scams offering discounted goods in 2024

by Nagoor Vali

SINGAPORE – Not less than 104 victims have fallen prey to scams involving social media ads since January 2024, with losses amounting over $63,000.

The police mentioned in a press release on March 28 that these scams would function promotions for closely discounted items on social media platforms comparable to Instagram, Fb and TikTok.

Enticed by the engaging costs, the victims could be directed to fraudulent web sites that request for his or her particulars comparable to their financial institution card particulars, and One-Time Passwords (OTP) so as to try the gadgets they’d “bought”.

They’d realise they’d been scammed solely after discovering unauthorised transactions not matching their supposed purchases charged to their credit score or debit playing cards.

In some circumstances, these transactions had been made in foreign currency echange comparable to US {dollars}, Hong Kong {dollars} or Australian {dollars}.

Anybody with details about such crimes can name the police hotline at 1800-255-000 or submit it on-line at www.police.gov.sg/iwitness.

The general public may go to www.scamalert.sg or name the Anti-Rip-off Helpline at 1800-722-6688 for extra info on scams.

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