Scam victims in Singapore lost a total of $660.7 million in 2022. Almost $1.3 billion was lost to scams in the past two years.
Contrary to popular belief, it’s not just the elderly who falls prey to scams. More than 53% of scam victims were between 20 and 39 years old.
Phishing scams were the most common ruse in 2022. Scammers impersonate officials or trusted entities to trick victims into revealing their credit card details and bank account information.
Here are some of the other types of scams to watch out for. Beware!
This article was written by a Financial Horse Contributor.
1. Love/Romance Scams
Love and romance scams have exploded since the pandemic, as scammers target lonely individuals.
A new way they’re doing it, is to claim to give you money.
These “love interests” offer to pay your bills or give you money....