Modus Operandi: Mobile wallet scams
Issue 688: 27 February 2025
Mobile wallet scams
From 1 October to 31 December 2024, at least 656 reports where phished card credentials were provisioned to mobile wallets were lodged in Singapore, with losses amounting to at least $1.2 million. Of these cases, at least 502 reports involved cards linked to Apple Pay.
The modus operandi starts with the scammer obtaining the victim’s c…
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