In these uncertain times, criminals have been using the COVID-19 outbreak to scam members of the public, particularly the most vulnerable.
In the UK, Action Fraud* revealed there had been a massive 400% increase in reporting of scams in March – the majority of which related to online shopping scams, with victims purchasing protective products (such as face masks) that failed to arrive.
Other examples involved phishing (or ‘smishing’), where scammers attempt to trick victims into clicking on a malicious link in an email or text message, and lender loan fraud, whereby victims are offered access to quick cash in return for an upfront fee.
Scams are a rising issue in Singapore too with both IRAS and MHA warning consumers to be vigilant.
- Reject offers that come out of the blue
- Don’t click on links from senders you don’t know
- Be wary of deals that sound too good to be true
- Never give out personal details
- Take the time to make checks and seek financial guidance.
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