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At least 104 people lost more than $63,000 to phishing scams involving social media advertisements this year.
They would encounter advertisements or posts featuring various heavily discounted goods on social media platforms such as Instagram, Facebook and TikTok.
The police shared screenshots of ads offering 27 Nomieo toilet rolls for $3.99 and a vegetable slicer for $5.47 among others.
Enticed by the attractive promotions, the scam victims would click on the advertisements and be redirected to fraudulent phishing websites that would prompt them to key in their bank card details and/or one-time passwords (OTPs) for the “purchase” of the purported goods during check out.
The victims only realised that they had been scammed when they discovered unauthorised transactions that were different from their intended purchases on their debit or credit cards.
In some cases, the transactions were also made in foreign currencies.
The police advise adopting the following precautionary measures: