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Singapore Scam Victims Lead Global Losses with an Average of $4,031 per Victim Now

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Well, you would think Singaporeans are smarter people and rich people but they are victims of scams too, losing the most money on average globally. The latest figure was revealed by the Global Anti-Scam Alliance (Gasa) and ScamAdviser during the Global Anti-Scam Summit in Lisbon.

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Singapore Scam Victims

The study found that scam victims in Singapore lost the most money on average, at US$4,031 per victim. Singapore’s affluent status makes it an attractive target for scammers. Among the prevalent scams are those involving online shopping, identity theft, and investments, with phishing scams being the most common. In 2022, there were 7,097 phishing cases in Singapore, resulting in $16.5 million in losses. Scammers stole an estimated US$1.02 trillion globally between August 2022 and August 2023.

fan of 100 U.S. dollar banknotes Ah long, Singapore scam victims
Photo by Alexander Mils on Unsplash
MOM seller, PayNet, ringgit, Singapore Scam Victims

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