In a recent parliamentary debate on March 4, Singapore’s Minister of State for Home Affairs, Sun Xueling, delivered a stark warning regarding the dangers of investing in cryptocurrency. Her message was clear: the rise of digital assets has led to an alarming surge in...

Experts agree that while harsher penalties may act as a deterrent, more comprehensive measures are essential to diminish the temptation of engaging in scams. One such victim, a woman from Clementi, was left shattered after losing not only her life savings but also her...

In August 2023, the Singapore Police Force (SPF) identified five prevalent types of scams: impersonation, e-commerce fraud, job-related scams, phishing schemes, and investment cons. As scams have become more rampant, many individuals have adopted a somewhat...

Understanding Bank Fraud: An Essential Guide In today’s digital age, the threat of financial fraud looms more significant than ever as scammers continually evolve their tactics to deceive unsuspecting individuals. One of the most alarming strategies employed by these...

In recent years, Singapore has become a hotspot for financial fraud and scams, affecting both tourists and locals alike. The vibrant city-state, known for its safety and order, has seen a disheartening statistic emerge: surveys indicate that one in three Singaporeans...

In the realm of modern fraud, today’s tactics blend established methods with those empowered by technological advancements. Canadian entrepreneurs have made significant strides in combating fraud; however, as the threat landscape continues to shift, prevention...

Wire fraud has become an increasingly serious concern in today’s digital landscape as criminals develop more advanced strategies to trick companies into making unauthorised financial transfers. The impact of just one fraudulent wire transaction can lead to substantial...

For years, financial institutions have faced a daunting quest to tackle criminal activities, akin to searching for a needle hidden deep within a vast haystack. Their efforts cannot simply satisfy the superficial expectations of supervisors and regulators; they must go...

KUALA LUMPUR, March 6 - In a shocking turn of events, a 58-year-old insurance agent has fallen victim to an elaborate investment scam, losing a staggering RM1.58 million. The incident is believed to be linked to gambling activities in Singapore and unfolded last year....

Riskified, a prominent player in the e-commerce fraud prevention sector, is currently weighing its options following interest from potential buyers. The New York-based company, which has its roots in Israel, is reportedly in discussions with investment bank Qatalyst...