Public Bank has issued a scam alert urging customers to exercise caution when encountering social media advertisements for mooncake sales that require a third-party app to make payments.
These unknown third-party apps that are not hosted on the official stores could pose a security risk, potentially containing malware that could allow a scammer to obtain full access to a user's device.
With this information, fraudsters will then be able to access a user's bank account and transfer out all the remaining funds. Should a user suspect that they have responded to a scam, they should immediately report it to their bank or deactivate the card account via the appropriate online banking platform.in Singapore, which saw at least 27 victims lose about S$325,000 in August alone.
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