Young couple lost $120k in fake OCBC text message scam

[countryman]

Interim conclusion from my uncle is sinkie motto = you die is your business

The victims need to find a top lawyer who is willing to take on the bank to prove the bank was @ fault! And don't forget the banks have top lawyers to defend them. If
u don't have solid proof that the bank was @fault, it's very difficult for the judge to be convinced that the bank was @fault.
Moreover the high court fees are very expensive, do u think the victims are able to afford the high court fees n pay damages to the bank if they lose the case?
Lose lose situation most likely for the victims!

 

[sweetiepie]

The victims need to find a top lawyer who is willing to take on the bank to prove the bank was @ fault! And don't forget the banks have top lawyers to defend them. If
u don't have solid proof that the bank was @fault, it's very difficult for the judge to be convinced that the bank was @fault.
Moreover the high court fees are very expensive, do u think the victims are able to afford the high court fees n pay damages to the bank if they lose the case?
Lose lose situation most likely for the victims!

Imuho the victims need to stay sg united and pressure the CSA (cyber security agency sg) /MHA to pressure the bank to work together to catch the scammer.

 

[sweetiepie]

step by step analysis of the scam if the banking security was not compromised :

1. Victim click on a link and leedirected to fake ocbc website
2. Victim entered userid and password keystroke leecorded by scammer end
3. Victim entered sms otp and keystroke also leecorded by scammer end
4. Scammer used the collected information to login to the real website and took over control of their account.
5. That means not necessarily the money is inside savings account I.e they can also terminate a fix leeposit and flow the money back to saving account thereafter scammer can change the dailee transfer leemit and transfer the money to an oversea account.

Possible scenario
Scammer just anyhow mass sent sms to a wide group of sinkies including those that doesn't have ocbc account.

If this is the case bank should be able to know which oversea account the money has been transferred to.

Things will be more complicated if the banking system was compromised and if this is the case bank should be liable.

KNN last week I had also received a similar SMS, but I don't even have an OCBC account. WTF?

KNN KNN that means my uncle should be right that they just anyhow mass sent sms KNN

 

[cocobobo]

Step 3 need to leecorrect
After victim entered the userid and password the scammer needs to quicklee enter it in the real website. But the otp will be sent to the victim that means victim leeceived the otp and entered it and collected by the scammer to proceed to quicklee entering the otp before it expires.

Change transfer limit, victim will get otp.
Victim said he got otp sms but scammer send msg say to ignore.
Means scammer can hack sms system.

 

[sweetiepie]

Change transfer limit, victim will get otp.
Victim said he got otp sms but scammer send msg say to ignore.
Means scammer can hack sms system.

If victim did not leeceived any sms after leemit has been changed then can sue back the bank unless all those victims leelee put so much money inside savings account.

 

[tobelightlight]

 

[blackmondy]

banks upped the ante, up to 75K.

Say only niah. Under dictatorship, rules change more often than underwear.

 

[Revenger]

 

[Incognito]

why blame it on high tec? why can't someone took a picture and sold the info? Accounts are broken into with no OTPs. LOL