Why those with finance jobs in Singapore should protect themselves from fraud

British expats living and working abroad are more at risk of internet fraud than those remaining in the UK, it has been claimed.

With this in mind, people who have taken up finance jobs in Singapore may wish to take due care, after Expat Forum revealed that the popularity of online banking when living overseas could be driving this trend.

Abbey International told the resource that a common risk to savers is phishing, where people are tricked into providing a fraudster with their personal information and passwords.

Another threat is pharming, which involves the con artist hijacking the domain name of a bank and redirecting a user to a different website that looks like that of the financial services provider.

However, those with finance jobs may already be well aware of these potential risks and such professionals could help fellow expats by reminding them that they will never ask for their personal information in an email.

"Many of these scams look professional, but there are pointers that show they are bogus. These include asking you to click through to their website and asking for your pin number," the news provider points out.

An earlier report from CIFAS, the UK fraud prevention agency, revealed that there were 80,000 instances of identity fraud during the first nine months of 2010.