The Straits Times-June 9, 2022

Scamming has reached new heights in recent years. Since the start of this year alone, more than $2.7 million has been swindled from at least 587 people here in phishing scams involving scammers pretending to be friends. Last year, victims in Singapore lost at least $633.3 million to scams, almost 2½ times the $268.4 million stolen by scammers in 2020. The use of smartphones in almost every aspect of everyday lives, from social connections to bank transfers, means that the risk of money being redirected elsewhere illegitimately is much higher. There is also a deeper social question around vulnerabilities that play into the hands of scammers: loneliness that makes people open to love scams; and perhaps greed leading to susceptibility to investment scams. Read more at: https://www.straitstimes.com/opinion/st-editorial/the-straits-times-says-stay-vigilant-collectively-to-stop-scams First published in: The Straits Times