594 people have lost $1.3m in online marketplace scams since April

1 month ago 71

Updated

Jun 12, 2024, 11:45 PM

Published

Jun 12, 2024, 11:45 PM

SINGAPORE – A total of 594 people have lost $1.3 million to scammers on online marketplaces in the past two months, the police said on June 12.

Scammers would first pose as interested buyers on Carousell, Facebook Marketplace or other platforms.

After agreeing on the selling price of the listed items via the platforms’ in-app chat functions, the scammers would then impersonate the relevant online marketplace platforms or delivery companies to inform victims that the money was transferred.

They then send the victims a phishing link or a QR code to purportedly receive payment, schedule a delivery, or complete the transaction.

Victims who click on the link or scan the QR code would be redirected either to a spoofed bank website, or to a spoofed delivery company website, before arriving at the spoofed bank website.

“Victims would then be deceived into keying their banking credentials, credit card details and one-time passwords, thinking that it was part of collecting payment from the scammers,” the police said.

“Victims would subsequently realise that they have been scammed when they discovered unauthorised transactions made to their bank accounts or bank cards.”

There were 46,563 scam cases reported in 2023, the highest number since the police started tracking such cases in 2016, and 46.8 per cent higher than the 31,728 cases ...

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