Scams and fraud

Fake executives on Teams: S$120,000 transfer stopped in Singapore

A finance executive received a payment request in a Teams group impersonating bosses. A physical approval step prevented the loss.

Conceptual illustration: Fake executives on Teams: S$120,000 transfer stopped in Singapore
Conceptual illustration · SecurCheck

What is confirmed

According to reporting on 19 September, scammers impersonated a healthcare company's chairman and managing director and requested S$120,000.

The finance officer discovered the deception after speaking to the real director; physical signatures prevented the payment.

What it means

A familiar-looking account or chat group does not by itself verify its participants.

The urgency was designed to bypass normal checks.

What to do

Confirm every transfer request through a separate known channel, even if it appears to come from an executive.

Keep dual approval for payments and changes to bank details.

Check a suspicious sign

Use the related SecurCheck tool, then confirm important decisions with an official source.

Sources

  1. Malay Mail — reportage du 19 septembre