Categories: Crypto Scams & Fraud

Scam losses in Singapore surge to S$1.1b in 2024, crypto-related cases rising



Singapore saw a sharp rise in scam losses last year, with victims losing a record S$1.1 billion, the highest-ever total recorded. It is a more than 70 per cent rise in losses from 2023. Police also saw the highest number of scam reports ever in the last year, with cases increasing by 10.6 per cent to 51,501 cases. Cryptocurrency-related scams made up just under a quarter of the total losses, a sharp increase from 6.8 per cent in 2023. Clinical Psychologist Dr Annabelle Chow explains the psychology of scammers and victims, and what can be done to strengthen people’s resistance to scams.

source

Corruption Buzz

Recent Posts

Somali intelligence helps US arrest alleged leader of Minnesota fraud – Al Jazeera

Somali intelligence helps US arrest alleged leader of Minnesota fraud  Al Jazeera Source link

1 hour ago

Gov’t Secretarial School embraces OSP's Anti-Corruption training for future workforce – Business & Financial Times

Gov’t Secretarial School embraces OSP's Anti-Corruption training for future workforce  Business & Financial Times Source link

4 hours ago

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4545141/dc-national-guard-boosts-homeland-defense-with-first-maritime-security-vessel/" on this server. Reference #18.6ecfdb17.1784187396.2ff2ca20 https://errors.edgesuite.net/18.6ecfdb17.1784187396.2ff2ca20…

4 hours ago

Open Call: American Center Yangon Small Grants Competition (Myanmar) – fundsforNGOs

Open Call: American Center Yangon Small Grants Competition (Myanmar)  fundsforNGOs Source link

5 hours ago

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4545273/dha-partners-with-marines-to-refine-portable-tbi-assessment-technology-for-aust/" on this server. Reference #18.6ecfdb17.1784183734.2f6b55b4 https://errors.edgesuite.net/18.6ecfdb17.1784183734.2f6b55b4…

5 hours ago

Lampard Inquiry Exposes NHS Trust Plot to Hide 4,000 Safety Reports – streamlinefeed.co.ke

Lampard Inquiry Exposes NHS Trust Plot to Hide 4,000 Safety Reports  streamlinefeed.co.ke Source link

6 hours ago