Personal Finance
How to spot a scam so you don’t become the next victim
By Singapore's Budget Babe  •  December 31, 2021
In December, Singaporeans lost over S$8.5 million to scammers. Of this sum, about S$2.7 million was lost to phishing scams masquerading as OCBC over the Christmas weekend alone. It is sad but this will continue to happen if we're not careful. And while this time the scammers pretended to be OCBC, it could very well be DBS or UOB tomorrow, or even SingPost, the police, the Ministry of Health, or any other institution.Some scammers are even worse than scum, and continue to prey on the same victims by running a "recovery room" scam. This basically exploits our feelings of loss and shame, and how the scammers do it is that they pretend to be someone who can help you get back your money, such as a "bank officer", the "police", or the "CIA", or even the "FBI" (don't laugh - that's exactly what happened to my mom)....
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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