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Singaporean couple's identity theft in Japan cancels cards, blocks accounts, highlighting bank security flaws.
During their Japan vacation, Singaporean couple Melvin Chan and his wife faced severe identity theft, leading to the cancellation of their credit cards and blocked bank accounts.
The thieves impersonated them to call the banks, claiming lost belongings.
The couple had to use funds from the wife's Thai account to continue their trip.
This incident highlights the need for stronger bank security measures, as fraud cases surged in Singapore, with over $385 million lost in the first half of 2024.
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