Scams and cybercrimes in Singapore rose significantly in the first half of the year, with victims losing an average of SG$14,503 each, marking a 7.1% increase.
The majority of scams were 'self-effected' fund transfers, with 86% indicating a rise in social engineering tactics as scammers manipulated their victims directly.
The rise of messaging platforms like WhatsApp and Telegram has been pivotal in scam communications, which surged, with WhatsApp alone accounting for over half of scam cases.
Cybercrime in Singapore increased 18% from last year, totaling over 28,000 reported cases in the first half of the year, with a substantial financial loss of SG$385.6 million.
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