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Singapore reports record S$1.1 billion lost to scams in 2024, with e-commerce and phishing leading.
In 2024, Singapore saw a record S$1.1 billion lost to scams, a 70.6% increase from the previous year.
Scam cases rose 10.6% to 51,501, with e-commerce scams leading in number and phishing scams causing significant financial loss.
Cryptocurrency scams accounted for 24.3% of total losses, up from 6.8% in 2023.
The Singapore Police Force's Anti-Scam Command recovered over S$182 million, reducing net losses to S$930 million.
The Protection from Scams Bill, passed in January 2025, now allows police to freeze bank accounts to prevent further losses.
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Singapur reporta récord de S$1.100 millones perdidos por estafas en 2024, con el comercio electrónico y el phishing liderando.