Fraudsters siphoned S$334.5 million from their victims from January to June this year, with young adults the most likely to be cheated in scams, said the Singapore Police Force.
SINGAPORE: Scam victims in Singapore lost slightly less money in the first half of 2023 as compared to the same period last year, even as the number of scam cases increased by 64.5 per cent, according to data released by the police on Wednesday .
The overall number of scam cases increased from 13,576 in the first half of last year to 22,339 in the first half of this year. The total number of scam and cybercrime cases rose by almost 70 per cent to 24,525 cases in the first half of 2023, from 14,481 cases in the same period in 2022. The number of cases for all these scam types rose across the board in comparison to the first half of 2022. The amounts cheated in three of the top five scam types also rose.
E-commerce scams and phishing scams had lower average losses, at about S$1,600 and S$2,400 respectively. Its Anti-Scam Command, which was set up in March 2022, froze more than 9,000 bank accounts and recovered about S$50.8 million of scam proceeds in the first half of 2023.
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