SINGAPORE – Scams are a significant problem in Singapore, having cost victims more than $4 billion since 2019.
The number of cases climbed to record highs, falling only recently for the first time in eight years.
In 2025, there were a total of 37,308 cases with $913.1 million lost.
Of this sum, the police have recovered about $140.5 million.
ST GRAPHIC: BILLY KER
There were more than 2,800 cases of scams reported in January, with victims losing over $47.4 million.
More than 185 of these cases were phishing scams involving fake buyers on online platforms, in which victims lost more than $825,000.
