<ul><li>Singapore authorities have reported a sharp rise in government official impersonation scams, with the number of cases and losses nearly doubling compared to the previous year.</li><li>Over 1,100 cases were reported between January and October 2024, leading to losses of at least S$120 million. This is a substantial increase from the 680 cases and S$67 million in losses recorded during the same period in 2023.</li><li>Scammers impersonate bank officers, claim to represent major Singaporean banks, and contact victims with false allegations of unauthorized credit cards or suspicious transactions.</li><li>Authorities recommend enabling security features on devices, using two-factor or multi-factor authentication for online accounts, and reporting suspicious activity to the ScamShield helpline or website.</li></ul>

Singapore Hit by Surge in Govt Impersonation Scams, Losses Reach S$120 Million

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