Scam victims in Singapore lost a total of S$660.7mil (RM2.24bil) in 2022, up from S$632mil (RM2.14bil) in 2021, figures released earlier in 2023 by the police showed.
Scam syndicates frequently resort to recruiting individuals as "money mules" to facilitate the movement of funds within Singapore and beyond, often utilizing bank and Singpass accounts for this purpose.
Scan a QR code and get FREE bubble tea! Or, some malware and the possibility of getting scammed. When a deal sounds too good to be true, there is often a catch. CNA's Stanley Leong finds out more on malware-based scams and how to avoid it from Tan Hwei Qiang, a Fraud Protection Pre-Sales Engineer at Group-IB.