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Saturday, January 25th, 2020

Four to be Charged for Syndicated Credit Card Fraud

by February 12, 2019 Health

The Police have arrested 3 men and a woman, aged between 24 and 32, for their suspected involvement in syndicated credit card fraud.

On 1 February 2019, the Police received a report about fraudulent activities being carried out on a multi-currency electronic wallet application-YouTrip. Preliminary investigations revealed that these activities were carried out between December 2018 and January 2019 and at least 18 suspicious account users and 85 fraudulent credit card top up transactions amounting to more than S$96,600 have been discovered.

Through follow-up investigations, officers from the Commercial Affairs Department established the identities of the suspects and arrested them between 11 and 12 February 2019. Twelve handphones, several YouTrip Mastercards and ATM withdrawal receipts were seized as case exhibits. Another 15 suspects were also hauled up for investigations.

Three men and a woman will be charged in Court on 13 February 2019 with an offence of unauthorised access to computer material. Anyone convicted for the offence under Section 3(1) of the Computer Misuse and Cybersecurity Act, Chapter 50A shall be punished to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 2 years or to both.

The Police would like to advise all credit/debit card holders to adopt the following measures to prevent unauthorised use of their cards:

a. Opt for SMS OTP verification for purchases or charges to your credit / debit cards;

b. Opt for an SMS to be sent to your handphone for any charges incurred on your credit / debit card;

c. Check bank statements and alert the bank immediately should there be any discrepancies or fraudulent charges; and

d. Do not give out your credit / debit card details to strangers.

Source: Singapore Police Force