CPF members making online nominations must use biometrics as part of anti-scam measures

CNA
05-20

SINGAPORE: Central Provident Fund (CPF) members making an online nomination will have to use their biometrics from May as part of additional security measures, the CPF Board said on Tuesday (May 20).

The measures are on top of existing anti-scam measures, including the CPF Withdrawal Lock and a 12-hour cooling period for increases to the daily withdrawal limit for online withdrawals.

The CPF Board also announced that all outbound calls have been consolidated into a single number. Since end-April, all calls from the CPF Board have been made from 6227 1188.

For missed calls, CPF members will get a gov.sg SMS or an email from an address ending with @cpf.gov.sg or @e.cpf.gov.sg with callback details.

The board said the consolidation into a single number aims to help people easily verify the authenticity of calls from the authority. It has been whitelisted in the ScamShield application.

This move builds on its efforts in December last year where outbound calls came from two numbers – 6227 1188 and 6202 3388.

PREVENTING SCAMS

Scammers impersonating government officials may cite personal information, such as names or NRIC numbers, to appear legitimate, said the CPF Board.

"Do not automatically trust someone just because they have your personal information," it added.

"Scammers may also call your mobile phone or landline to claim that there are issues with your CPF or Singpass account, or alleged criminal activities such as money laundering associated with your account, and request personal details."

If personal details are needed, CPF Board staff will use Singpass to verify members' identities, it said. 

Government officials will never ask people to transfer money, disclose bank login details, install mobile apps from unofficial app stores or transfer calls to the police.

CPF members aged 55 and above can enhance the security of their CPF savings by activating the CPF Withdrawal Lock, which disables online CPF withdrawals when they have no immediate plans to withdraw, the board said.

Those who are receiving CPF payouts into their personal bank accounts can consider activating the banks’ Money Lock to safeguard their bank savings.

“Members who suspect they have fallen prey to a scam involving their CPF savings should freeze their bank accounts, reset their Singpass password and activate the CPF Withdrawal Lock to disable online CPF withdrawals immediately,” the board said.

“They should also make a police report immediately and inform CPF Board.”

In 2024, at least S$1.1 billion (US$850 million) was lost to scams – a 70.6 per cent rise from 2023, according to the Singapore Police Force (SPF) annual statistics.

The total number of scam cases also rose by 10.6 per cent to 51,501 cases in 2024. Of these, self-effected transfers, where individuals willingly transferred money to scammers, accounted for 82.4 per cent last year.

Government officials’ impersonation scams also saw a “sharp increase”, with S$151.3 million lost.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10