Keep your money safe with this security guide. Learn how to detect the latest online scams and ways you can protect yourself from potential fraud 👇
In today’s digital age, security and fraud prevention have become all the more essential. That’s why, here at YouTrip, safeguarding your financial transactions is our top priority and we’re taking extra steps to ensure the safety of our customers.
With this guide, we aim to educate our YouTroopers on fraud and common scams and how they can protect themselves from unauthorised activities.
Check out this article to learn how we’re safeguarding your transactions with our enhanced security measures.
What is card fraud?
Card fraud occurs when a malicious individual steals your credit card information and enables unauthorised purchases without your knowledge. In today’s digital landscape, there are numerous ways for an individual to get a hold of your card details without physically possessing them.
Here are some common ways your card details could be compromised without your knowledge 👇
(1) Stealing card details via your card’s magnetic stripe by using a device called a ‘skimmer’ on card readers to record users’ magnetic stripe data, and ‘shimming devices’ that are discreetly placed within the chip card slot on ATMs or point-of-sale terminals.
(2) Merchant or payment gateway data breaches made through previous transactions to less secure overseas card-not-present merchants or payment gateways. Fraudsters may exploit this information to make unauthorised transactions on your card.
Common types of scams
Scams are tactics used by individuals looking to steal your personal information or card details, with or without your knowledge. Phishing scams are the most common type of scam by which individuals deceive you into providing sensitive information. In most recent developments, these phishing websites may come in various forms.
Here’s a list of prevalent scams to be on the lookout for:
1. Impersonation scams
These scams typically involve fraudsters posing as well-known establishments. This can involve impersonating government agencies, banks, or even popular businesses. Here are some examples:
👉E.g.: Booking.com scam through sending messages via the platform’s in-app chat function.
In this case, scammers deceived Booking.com users by posing as hotel representatives and contacting victims via email or in-app chat messages through the Booking.com app. These messages directed users to fraudulent payment sites where their personal and financial banking details were stolen.
👉E.g.: Singpost scam through SMS and email
In this case, scammers deceived SingPost customers by sending SMS and email phishing disguised as delivery notifications, tricking them into accessing fake websites to make payments or to provide sensitive personal information.
How to protect yourself: Do verify any payment requests through official channels and be cautious of any suspicious messages.
2. E-commerce and online shopping scams
These scams generally involve fraudsters posing as either buyers or sellers on social media platforms(eg. TikTok, Facebook, etc.) and online marketplaces. These scammers often set up fake online stores or post items for sale on trusted marketplaces online, luring unsuspecting consumers with good deals or attractive merchandise.
👉 E.g.: Fake online ads on social media platform
One recent example is the sale of 27 toilet paper rolls for just S$3.99 on Tiktok. Upon clicking the link on Tiktok, victims are redirected to fraudulent sites and are prompted to enter personal information, card details and 2FA. This information is then used by scammers to perform unauthorised transactions.
How to protect yourself: Be cautious of deals that seem too good to be true and verify the legitimacy of online ads and websites.
👉 E.g.: Phishing scams involving fake Carousell buyers
Scammers would pose as buyers on Carousell and ask sellers for contact details to send fake payment or delivery links. These links lead to spoofed websites that steal banking details and OTPs, resulting in unauthorised transactions.
How to protect yourself: Verify buyer profiles and avoid dubious links. Do report any suspicious activity to the official platform.
How to protect yourself from card fraud
To protect yourself, here are some tips to follow:
- Avoid disclosing your login credentials, SMS, or email OTP to any individual, website, or mobile application
- Refrain from sharing images of your card details or storing pictures of your cards on any platform
- Remember to lock both your physical AND virtual cards when not in use
- Stay vigilant of online shopping advertisements on search engines or social media, especially those offering attractive deals that are too good to be true.
- Exercise caution when sharing card details on suspicious websites lacking proper encryption as they could be vulnerable to data breaches
How to spot scammers pretending to be YouTrip
1. YouTrip will never send you SMS OTPs when approving transactions
To approve transactions, users are required to head to the YouTrip app and slide-to-approve transactions. SMS OTPs are only used when setting up your YouTrip card on Apple Pay and Google Pay.
2. YouTrip SMSes will never include any links
Note that SMSes by YouTrip will always be by ‘YouTrip’. Additionally, YouTrip SMSes will never include any links unless you request them.
FAQ
Q: What should I do if I receive an email impersonating YouTrip?
A: If you come across any suspicious emails claiming that they’re YouTrip and requesting sensitive information such as personal details, card numbers, and SMS OTP codes, do notify us at fraud-reporting@you.co and delete the email(s) immediately. Do refrain from clicking on any links or opening any attachments.
Q: What steps should I take if I suspect that I’m a victim of fraud or scam?
A:
1️⃣ Lock your physical/virtual card via your YouTrip app
2️⃣ Change your App PIN & password of your email account if someone has access to that email account
3️⃣ Email & report your case to fraud-reporting@you.co
4️⃣ If you wish to stop any new transactions from happening and immediately suspend your YouTrip account, you can activate the Kill Switch by calling +65 6904 9334
5️⃣ Make a local police report here if your card is lost, stolen, or being used fraudulently
For other non-fraud and scam enquiries, please continue to contact us at customer@you.co
YouTrip Enhances Its Security Measures: How Are We Safeguarding Your Transactions? — For any other Fraud-&-Scam-related FAQs click here
Official YouTrip Platforms
YouTrip exclusively operates on the following platforms listed below. Any other platforms claiming to be YouTrip are engaging in impersonation and are to be reported immediately.
Email addresses:
- customer@you.co
- marketingsg@you.co
- community@you.co
- noreply@you.co
- noreply=you.co@mail.you.co
- fraud-reporting@you.co
Hotlines:
- +65 6904 9334
Social Platforms:
- Instagram @youtripsg
- TikTok @youtripsg
- X (formerly Twitter) @YouTripSG
- Facebook YouTripSG
- Telegram SG Travel+Lifestyle Hacks (@youtripsg), YouTrip Squad (@youtripsquad)
