Evolving Scam Trends in Singapore

The scale of the Problem

Singapore is facing a severe and escalating scam crisis. The financial impact has grown dramatically since 2019:

• Total losses since 2019: Over $3.4 billion
• 2024 losses: A record $1.1 billion (the first year exceeding $1 billion)
• 2025 so far: $152.1 million from over 6,100 reported cases
• The recovery rate appears low (for example, only about $182 million recovered from $1.1 billion lost in 2024)

Current Dominant Scam Types in 2025

Two major types of scams are highlighted in your data:

1. Chinese Services Impersonation Scams

These accounted for over 265 reports in February 2025 alone, with losses exceeding $5.6 million. The methodology involves:

• Unsolicited calls from people claiming to represent Chinese services (Tencent, WeChat, UnionPay)
• Claims about expiring subscriptions and pending charges
• Promises of refunds upon “verification”
• Victims typically realise they’ve been scammed only after making multiple transfers

2. Government Official Impersonation Scams

These accounted for over 135 reports in January 2025, with losses exceeding $1.6 million. The methodology involves:

• Unsolicited calls from fake government representatives (Police, Immigration)
• Claims that victims are in legal trouble
• Requests for personal/banking details or money transfers for “safekeeping.”
• Advanced techniques, including video calls with uniform-wearing scammers
• Use of AI to mask caller appearance and voice

Countermeasures

Singapore launched the “I can ACT against scams” national campaign in January 2023, emphasising:

• Add security features: ScamShield app, antivirus protection
• Check for signs: Verify caller/sender identity directly with organisations
• Tell authorities: Report to police and financial institutions if victimised

Analysis of Trends

Looking at this data reveals several concerning patterns:

1. Increasing sophistication: Scammers are using AI and technology to appear more legitimate.
2. Psychological manipulation: They exploit fear (legal trouble) or anxiety about financial loss (subscription charges).
3. Impersonation as a key strategy: Both major scam types rely on impersonating trusted entities, whether government officials or well-known services.
4. Scale is growing: Both case numbers and financial losses continue to rise despite awareness campaigns.

For the most up-to-date information on scam trends and monetary losses in Singapore, I’d recommend checking:

• The Singapore Police Force website (scamalert.sg)
• The Anti-Scam Centre’s latest reports
• Recent news coverage of scam statistics released by Singapore authorities

Secure browsing

When it comes to staying safe online, using a secure and private browser is crucial. Such a browser can help protect your personal information and keep you safe from cyber threats. One option that offers these features is the Maxthon Browser, which is available for free. It comes with built-in Adblock and anti-tracking software to enhance your browsing privacy.

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 Maxthon Browser not only delivers a seamless browsing experience but also prioritises the privacy and security of its users through its efficient ad-blocking and anti-tracking capabilities. With these protective measures in place, users can enjoy the internet while feeling reassured about their online privacy.

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Maxthon Browser is a reliable choice for users who prioritise privacy and security. With its robust encryption measures and extensive privacy settings, it offers a secure browsing experience that gives users peace of mind. The browser’s commitment to protecting user data and preventing unauthorised access sets it apart in the competitive web browser market.