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DBS Bank Customers are Targeted by Fake Messages and Advertisements

DBS Bank said they have found multiple SMS along with online advertisements claiming to be from the DBS Bank or impersonating the DBS.

A warning was issued by the DBS Bank on July 26, which was re-issued on July 31, alerting the customers regarding the phishing SMS message as well as for a misleading advertisement that is appearing on the Facebook. If the message had poor grammar, or it links to a company website in Bulgaria then the probability is the message is not from DBS.

An SMS message full of grammatical errors says that DBS Bank had announced new software to turn several Singaporeans into millionaires. The message that is claimed to have come from "DBSBANK" is contained with a hidden link (supposedly behind an URL shortening service), which provokes the recipient to check whether they qualify to be a millionaire or not. The DBS Bank message will exactly begin like this "Hello DBS Bank Just Announced new Software that will probably make hundreds of Singaporeans to become Millionaires, Check If You Qualify."

DBS further highlights a malicious advertisement on the Facebook that features DBS Bank outlet picture. Once the link was clicked by the user, they are redirected towards a malicious site that claims being an investment programme of DBS. DBS said that it is designed for tricking users to make fraudulent credit card transactions or bank transfers.

The malicious website invited the users to register for DBS Code, which is fake membership programme, and claims the members could earn $13,000 within 24 hours via bitcoin investments. Once signed in, the users are asked to provide their billing information as well as credit card details. The fine print on website shows that the website is operated by a company of Bulgaria that is registered in Sofia, capital city of Bulgaria.

A DBS spokesman, in reply to the queries, said that the DBS Bank has taken prompt action to take down the fraudulent sites. Further, DBS also advised their customers to remain alert while browsing through online websites or when they are on social media platforms. They further added that if any customer encounters suspicious SMS messages, online ads, e-mails and websites, or find any unknown transactions in their accounts, he/she should call 1800-111-1111 - DBS hotline number.

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