Bank Phishing Fraud
SGD 13,500
Recovered24h
First Response6 Wks
ResolutionA client recovered SGD 13,500 stolen through a phishing attack
A Singaporean client approached Сlaimonds Singapore after losing SGD 13,500 through a sophisticated bank phishing attack. Fraudsters created a fake login page identical to the bank's official site, distributed via SMS and email with a convincing SSL certificate.
The Background
The client received an email imitating his bank, requesting "security verification." Within minutes of entering credentials on the fraudulent page, the fraudsters gained access to his account.
SGD 13,500 was quickly transferred through intermediary accounts and distributed across various overseas accounts. The bank initially attempted to place responsibility on the client.
Our Strategy
Time was critical. Our team sent a formal notice to the bank immediately and demanded the blocking of transfers. The same day, we filed a report with the Singapore Police Force and obtained urgent account freezing.
We documented deficiencies in the bank's security protocols and, through international banking networks, identified and contacted regulators in the affected countries.
Outcome
After just 6 weeks of urgent intervention, we returned the full SGD 13,500. The majority of funds were frozen in intermediary accounts and transferred back. The bank acknowledged its security deficiencies and actively contributed to the recovery.
This case demonstrates how crucial timely legal intervention is for recovering funds in phishing cases.
Take the First Step Toward Recovery
We represent clients across Singapore with verified losses starting from SGD 3,000. We do not handle disputes related to online purchases, offline transactions, or Telegram.