SINGAPORE – The ruse began with an SMS message and an e-mail impersonating the chief executive of an investment banking firm based in Singapore.
This type of ruse involves scammers impersonating victims’ business partners or employees via spoofed e-mails. Unknown to him, the scammer had used an e-mail address with the chief executive’s full name, closely resembling his actual e-mail, which used an abbreviation of his first name “SC”, the police said.
On Sept 20, he discovered the scam after being notified by a colleague of a similar SMS and verifying the chief executive’s actual e-mail address.
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