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Cryptocurrency scams rise in Singapore

Cryptocurrency scams rise in Singapore

In 2024, Singapore saw a significant rise in cryptocurrency-related scams: Cryptocurrency losses accounted for 24.3% of the total $1.1 billion lost to scams in 2024, up from 6.8% in 2023 The most significant single case involved a 36-year-old man who lost $125 million...

The Growing Sophistication of Scams

The Growing Sophistication of Scams

The article highlights how scams have become nearly impossible to spot, even for experts. At the Global Anti-Scam Summit Asia 2024, most anti-scam experts (including law enforcement, bank representatives, and tech companies) failed to identify AI-generated fake...

E-Commerce Scams in Singapore

E-Commerce Scams in Singapore

At least 179 cases of e-commerce scams on Shopee were reported in Singapore in 2024 Total losses amounted to at least $399,000 Scammers would list products or host live streams on Shopee to attract victims. After orders were placed, scammers would direct victims to...

MAS and Police Warn Of Impersonation Scams

MAS and Police Warn Of Impersonation Scams

This appears to be a news article about a scam alert issued by the Monetary Authority of Singapore (MAS) and the Singapore Police Force. Let me summarize the key points: MAS and Police Scam Alert A new impersonation scam is targeting Singaporeans At least three cases...

WhatsApp Scam Trends

WhatsApp Scam Trends

At least 93 people in Singapore have fallen victim to scams involving fake WhatsApp Web pages since early November 2024, with losses totaling $176,000 These victims are part of a larger group of 237 victims of social media impersonation scams in general during the...

The Hidden Cost of Free Wi-Fi for Scam Victims

The Hidden Cost of Free Wi-Fi for Scam Victims

Identity theft risk: When you enter personal details to access free Wi-Fi at places like cafes, this information can be compromised. Data collection vulnerability: As Assistant Professor Kang Hyunjin from NTU points out, fraudsters can obtain your personal information...