Beware of a new GrabPay scam that can quickly suck your debit cards and bank account dry!
Don’t give out your GrabPay codes, even if your friends ask for them! SHARE this warning with your family and friends!
GrabPay Scam Alert : Be Careful Of FAKE Friends!
On 16 May 2020, Muhammad Syahir was cheated of almost RM 900 through a GrayPay scam. Here is a brief summary of what happened :
GrabPay Scam Alert : GrabPay Flaws?
Muhammad Syahir highlighted what he felt were major flaws with GrabPay :
- GrabPay allows credit / debit card transactions without CVV verification or OTP from the bank.
- GrabPay will not notify you about any first-time login attempt of a different gadget in a different location.
- GrabPay does not require users to set-up a secured PIN for any big transactions – e.g. more than RM100.
- If your bank account is linked to your GrabPay e-wallet, there won’t be any SMS notification for bank transfers to your e-wallet.
According to his experience, the scammer only needed to use the Grab Activation Code to withdraw money from all bank accounts / debit cards linked to your GrabPay app.
GrabPay Scam Alert : How To Avoid It?
To avoid falling prey to such a scam, here is what you should do :
- NEVER accept a friendship request from a new social media account, until you have verified with your friend (through a phone call or face-to-face) that he/she created that new account.
- NEVER send any code you receive to anyone. Even if it is a friend, why does he/she need the code that was sent to YOU?
- Businesses will never give away free money for anniversaries. Don’t fall for such an old trick!
- NEVER link your debit card or bank account to an e-wallet. Only link a credit card, because they are insured and protected against fraud. If you get scammed, you can call the bank to ask for a refund.
GrabPay Scam Alert : Original Post + Police Report
Here was what Muhammad Syahir posted earlier, together with his police report :
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