Nearly S$1 billion lost by scam victims in Singapore since 2016


Image from The Straits Times/ANN.

SINGAPORE, Jan 29 (The Straits Times/ANN): The recent phishing saga involving customers of OCBC Bank has highlighted the epidemic of scams in Singapore, where victims have lost more than $965 million in just over 5½ years, checks by The Straits Times showed.

Scammers pocketed a record high $268.4 million in total in 2020, a figure Home Affairs and Law Minister K. Shanmugam revealed last year in a written response to a parliamentary question on scams.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , Scam , People , Lost , S$1 Billion

Next In Aseanplus News

Viral chat logs renew alarm over sexual violence on campuses in Indonesia
Vietnam, South Korea leaders to meet in Hanoi next week, sources say
In official filing to US, Singapore denies trade surplus, rejects claims exports due to excess capacity
Seven French tourists arrested in Phuket over disruptive Songkran water play
FBM KLCI moves slightly higher as traders practise caution
Taiwanese actress Joe Chen's beauty secrets that keep her looking young at 47
Ringgit edges up vs greenback on US-Iran talks hope
Asia markets advance on peace deal hopes, corporate earnings
S&P Global downgrades ASX after Australian regulator finds governance, risk failures
Oil steady as Hormuz constraints offset US-Iran peace hopes

Others Also Read