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Hackers pose as bank customers by stealing OTPs, making $500k in fake credit card payments
Breaches and Incidents
September Fr, yyyy
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.
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Banking Customers
One-time Passcodes (OTPs)
Fake Credit Card Payments
Infocomm Media Development Authority (IMDA)
Monetary Authority of Singapore (MAS)
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