Please note that our official website is

If you are in any doubt about the integrity of a website/email or any other channel that uses the ProsperUs brand, you may access our websites via the above link.

Stay alert and vigilant of investment scams

“Pump and Dump” scam involving overseas listed companies

The Police have seen a resurgence in “pump and dump” scams involving overseas listed companies and would like to remind the public to remain vigilant and be wary of strangers offering stock recommendations or online chat groups discussing coordinated share purchases.

To recap, a “pump and dump” scam is a form of stock market manipulation where fraudsters would artificially inflate the price of a company’s shares (“pumping”) by spreading false positive news about the company, or creating an appearance of trading activity in order to induce others to buy the shares. As the unwitting victims buy up the shares, the share price rises. The fraudsters then quickly sell their shares in the company while the share price goes up, then stop all activities. With the absence of manipulation, the share price then plunges, resulting in sharp losses for the victims.

To avoid falling prey to these scams, be wary of stock tips provided by people you have befriended online. Stay vigilant and exercise the necessary precautions to protect yourself.

For more on “pump and dump” scams, please visit the Singapore Police Force’s website here.

Phishing scams involving Singpass

The Police have observed a surge in phishing scams where scammers would target victims through SMSes to obtain Singpass login credentials.

The scams occurred in the following sequence:

• Members of the public would receive unsolicited SMSes with the sender’s ID containing similarities to “Singpass” (e.g. MySingpass, SGSingpass). The SMSes would indicate that the recipients’ Singpass accounts had been or would be deactivated, and that they were required to conduct facial verification. Recipients would be required to log into Singpass through a web link provided in the SMSes.

• Upon clicking on the web link, the victims would be directed to a spoofed Singpass login webpage, where they would be required to enter their Singpass ID and password. Victims will then be led to a 2FA page where they would be prompted for their Singpass One-Time Password (OTP).

Victims would realise that they have had scammed when they received alerts from Singpass that their profiles had been updated. In some cases, the victims would receive alerts that they had signed up for bank accounts and credit cards. Unauthorised transactions were also charged to the credit cards in some cases.

While the authorities have taken down the phishing websites, user vigilance is crucial in our fight against evolving scams. The Police and GovTech would like to advise members of the public to be on heightened alert, and to follow these crime prevention measures:

  1. Singpass does not send SMSes containing web links asking you to log in with your credentials (i.e. passwords and OTPs).
  2. The official SMS’ sender identity for Singpass is labelled as ‘Singpass’ or ‘SingPass’.
  3. Users can verify the authenticity of claims against their Singpass account via the official Singpass hotline at 63353533 and press “9” for 24-hour scam support. Ensure that the Singpass website domain you are accessing is, with a ‘lock’ icon in the address bar. You may refer to the Annex for an example of the official Singpass login webpage;
  4. Users should make it a point to update their contact details registered with Singpass and enable notifications via their Singpass app so that they can be promptly alerted of suspicious logins, e.g. when a login on a new device or Internet browser is detected;
  5. If you suspect that your Singpass account has been compromised, reset your Singpass password immediately;
  6. Log-ins to Government services should only be done at websites with domains ending with “”. If you received a link that does not end with “”, check against the list of trusted websites at;
  7. Never disclose your personal or Internet banking details and OTPs to anyone; and
  8. Report any fraudulent transactions to your bank immediately.

For more on phishing scams involving Singpass, please visit the Singapore Police Force’s website here.