Singapore's joint warning on rise of government official impersonations

MAS warns of:

• Fraudsters exploiting the impersonation to individuals in positions of power to deceive victims into transferring money or divulging personal information; and
• Scammers using caller ID spoofing and fabricated stories to instil fear and urgency;

Firms should review the warning to ensure their fraud prevention strategies remain robust against evolving threats.

✅ Learn more about Plenitude’s Fraud Practice and how we help clients enhance their fraud prevention mechanisms:

https://www.plenitudeconsulting.com/services/fraud-practice