HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore

The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding a fraudulent mobile application linked to Bank of Singapore Limited. According to the HKMA, the fake app has been reported to the regulatory body, prompting an immediate alert to safeguard consumers.

Details of the Fraudulent App

The HKMA highlighted that the fraudulent app mimics legitimate banking applications, potentially deceiving users into sharing sensitive personal information. The official press release from Bank of Singapore Limited, which addresses this fraudulent app, can be accessed through the HKMA website.

Public Advisory

The HKMA has reiterated that legitimate banks will not send SMS or emails containing embedded hyperlinks directing customers to their websites for transactions. Furthermore, banks will never request sensitive personal information, such as login passwords or One-Time Passwords (OTPs), via phone calls, emails, or SMS, including through hyperlinks.

Individuals who have inadvertently provided personal information or conducted financial transactions via the fraudulent app are urged to immediately contact their bank using the official contact details provided in the press release. Additionally, they should report the incident to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

Preventive Measures

In light of this incident, the HKMA advises the public to remain vigilant against phishing attempts and other forms of online fraud. Consumers are encouraged to verify the authenticity of any communication received from their banks and to avoid downloading apps from unverified sources.

The HKMA continues to work closely with financial institutions and law enforcement agencies to mitigate the risks posed by fraudulent activities and to protect the interests of consumers.

Hong Kong Monetary Authority
9 August 2024

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