Victims lose over $32m to business e-mail impersonation scams in first 9 months of this year: Police

SINGAPORE - Police on Tuesday warned businesses against falling for e-mail impersonation scams, with more than $32 million lost between January and September this year.

A total of 276 reports were received in the first nine months of this year and a new twist of the scam is also emerging, the police said in a statement. Scammers would also enclose copies of the bank statements with the employee's name to make the requests seem authentic, the police noted. To prevent e-mail accounts from being hacked, strong passwords should be used and changed regularly, the police said. Anti-virus and anti-spyware software should also be kept updated.

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