News Formal

Singapore consultancy firm recovers S$58K from business email scam with help from Singapore police, UAE, and

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A consultancy firm based in Singapore has recovered over US$45,000 after being tricked into transferring money to a fraudulent supplier.

This was made possible through a collaborative effort involving the Singapore police, the United Arab Emirates authorities, and Interpol, as reported by The Straits Times.

Investigations showed that an employee had received an email on Sept 12 from someone posing as a supplier. This email informed the company to transfer payment for goods to a new bank account in the UAE. On Sept 18, the employee proceeded with a transfer of US$45,532 to the alleged supplier. Unfortunately, the funds were sent to a fraudulent bank account in the UAE. The scam was uncovered later that day when the real supplier contacted the firm, clarifying that it had not changed its banking details.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$58k lost in business e-mail scam recovered by S’pore police with help from UAE, InterpolThe scammers posed as a supplier and directed the company to send payment to a bank account.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Singapore stocks declined at the start of Wednesday trading—STI dropped by 0.5% Singapore News%
Source: IndependentSG - 🏆 2. / 72 Read more »