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Two men, aged 19 and 20, were arrested for using stolen credit card information to make unauthorised mobile wallet top-ups and fraudulent purchases amounting to more than $10,000.
The police said in a statement that officers from the Commercial Affairs Department arrested the duo along Geylang Road on Tuesday (Apr 9).
Preliminary investigations revealed that the two men are believed to have made numerous unauthorised mobile wallet top-ups using stolen credit card information since March.
A laptop, five mobile phones, two thumb drives and $643 in cash were seized as case exhibits.
The men will be charged in court on Thursday (Apr 11) with unauthorised access to computer material with common intention under the Computer Misuse Act.
If found guilty, they can be fined up to $5,000 or jailed up to two years or both.
The police advised all credit and debit cardholders to adopt the following measures to prevent unauthorised use of their cards:
Opt for SMS OTP verification for purchases or charges to your credit/debit cards;
Opt for an SMS to be sent to your handphone for any charges incurred on your credit/debit card;
Check the bank statements and alert the bank immediately should there be any discrepancies or fraudulent charges; and
Do not give out credit/debit card details to unknown persons.