SINGAPORE: Singapore lost a staggering SGD 1.1 billion (USD 822 million) to scams last year, as cases surged by 10.6 per cent from the previous year, police said on Tuesday.
The total amount lost to fraudsters rose by 70.6 per cent from SGD 651.8 million in 2023, according to the annual statistics on scams and cybercrime released by the Singapore Police Force (SPF).
The total number of scam cases also increased by 10.6 per cent to 51,501 cases in 2024 from 46,563 in 2023. PTI
ADVERTISEMENT
