Singaporean scam victims lost 294.79 million USD in H1
The scam situation in Singapore has worsened, with the number of cases rising 16.3% to 26,587, and victims losing a record high of over 385.6 million SGD (294.79 million USD) in the first six months of this year.
The scam situation in Singapore has worsened (Photo: The Straits Times)
Hanoi (VNA) – The scam situation in Singapore has worsened, with the number of cases rising 16.3% to 26,587, and victims losing a record high of over 385.6 million SGD (294.79 million USD) in the first six months of this year.
According to the police’s mid-year scam and cyber-crime statistics released on August 22, if the trend continues, scam losses could exceed 770 million SGD by the end of 2024, setting a new record compared to the annual high of 660.7 million SGD in 2022.
In 86% of the cases, the scammers did not gain control of the victims’ accounts but had manipulated them into transferring money to the criminals.
Facebook, Instagram and Whatsapp, scammers were the consistently over-represented among the platforms used by scammers in the period. In more than 7,700 cases in where scammers contacted victims via social media, Facebook was used in 64.4% of them, and Instagram 18.6%. Meanwhile, in more than 8,300 cases where scammers reached victims via messaging platforms, Whatsapp was used in 50.2% of them, and Telegram 45%.
At a media briefing, Singapore's Minister of State for Home Affairs Sun Xueling said the figures are worrying, adding investment and government official impersonation scams were of particular concern.
During January-June, the police worked with banks, and prevented over 204 million SGD of potential losses to scams. The police’s Anti-Scam Command deleted 2,700 scam-tainted accounts, and took down suspicious advertisements in the period.
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Eligible Singaporeans will receive between 200 SGD (151.9 USD) and 400 SGD (303.7 USD) next month, as part of measures to help them cope with rising cost of living, Singapore’s Ministry of Finance (MoF) announced on August 13.
Singapore on August 13 upgraded its economic growth forecast for this year after beating expectations in the second quarter and on optimism that the manufacturing sector will gradually recover.
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