Source: Leftover Currency Thankfully, we don’t have to deal with the inconvenience of using biscuit tins to store our money, as online banking is so prevalent today. But, this may not be the safest way to store your money. A joint study by the non-profit organisation Global Anti-Scam Alliance (Gasa) and data service provider ScamAdviser estimated that about US$1.02 trillion (S$1.4 trillion) was lost to scams occurring between August 2022 and August 2023. The study, which surveyed 49,459 individuals across 43 countries, identified that people in Singapore were the biggest scam victims who experienced an average loss of US$4,031 (~S$5,383) per victim. Jorij Abraham, the Managing Director of Gasa, emphasized that the most prevalent scams globally involve online shopping, identity theft, and investments. Most notably, phishing scams, a form of...Back in the day, our grandparents used to store money in biscuit tins to keep their money safe. Source: Leftover Currency Thankfully, we don’t have to deal with the inconvenience of using biscuit tins to store our money, as online banking is so prevalent today. But, this may not be the safest way to store your money. A joint study by the non-profit organisation Global Anti-Scam Alliance (Gasa) and data service provider ScamAdviser estimated that about US$1.02 trillion (S$1.4 trillion) was lost to scams occurring between August 2022 and August 2023. The study, which surveyed 49,459 individuals across 43 countries, identified that people in Singapore were the biggest scam victims who experienced an average loss of US$4,031 (~S$5,383) per victim. Jorij Abraham, the Managing Director of Gasa, emphasized that the most prevalent scams globally involve online shopping, identity theft, and investments. Most notably, phishing scams, a form of...
Source: Leftover Currency Thankfully, we don’t have to deal with the inconvenience of using biscuit tins to store our money, as online banking is so prevalent today. But, this may not be the safest way to store your money. A joint study by the non-profit organisation Global Anti-Scam Alliance (Gasa) and data service provider ScamAdviser estimated that about US$1.02 trillion (S$1.4 trillion) was lost to scams occurring between August 2022 and August 2023. The study, which surveyed 49,459 individuals across 43 countries, identified that people in Singapore were the biggest scam victims who experienced an average loss of US$4,031 (~S$5,383) per victim. Jorij Abraham, the Managing Director of Gasa, emphasized that the most prevalent scams globally involve online shopping, identity theft, and investments. Most notably, phishing scams, a form of...
