Singapore Sees Significant Drop in Scam Losses Despite Rising Number of Cases
According to a recent Global Anti-Scam Alliance (GASA) study, this year the average amount of money lost per scam victim in Singapore has reduced noticeably. From about S$5,300 in 2023, victims now average S$3,200 (US$2,400), down from last year; the report noted that scam losses in Singapore dropped by 40 percent. Though the financial impact has dropped, the increasing number …