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    Hackers pose as bank customers by stealing OTPs, making $500k in fake credit card payments

    • Breaches and Incidents
    • September 17, 2021
    • Straits Times
    Hackers abroad have been able to pose as 75 bank customers here to make about $500,000 in fake credit card payments. This was done by a sophisticated method of hijacking the OTPs by banks.
    Read More
    • Banking Customers
    • One-time Passcodes (OTPs)
    • Fake Credit Card Payments
    • Infocomm Media Development Authority (IMDA)
    • Monetary Authority of Singapore (MAS)
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