[vc_row row_height_percent=”0″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”65″ shift_y=”0″ z_index=”0″][vc_column column_width_percent=”100″ align_horizontal=”align_center” gutter_size=”0″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/1″][vc_custom_heading text_color=”color-142326″ text_size=”fontsize-554605″ text_weight=”600″ uncode_shortcode_id=”164115″ text_color_type=”uncode-palette”]Report[\/vc_custom_heading][vc_custom_heading auto_text=”yes” text_color=”color-853579″ heading_semantic=”h1″ text_weight=”700″ uncode_shortcode_id=”166079″ text_color_type=”uncode-palette”]Feedzai Named a Technology Leader in Quadrant\u2019s SPARK Matrix\u2122: Anti-Money Laundering, 2023 Report[\/vc_custom_heading][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_single_image dynamic=”yes” media_width_percent=”100″ uncode_shortcode_id=”653541″][vc_column_text uncode_shortcode_id=”133365″]Singaporeans Loses $2.51B SGD to Scams Last Year<\/span><\/p>\n

Singapore is a hub of innovation and tradition. But like many other nations, it is facing a serious challenge from scammers that cost Singaporeans $2.51 billion SGD last year.<\/p>\n

New data from Feedzai and the Global Anti-Scam Alliance (GASA) shows most scams begin with phone calls or text messages. At the same time, instant messaging apps, emails, and social media platforms are also proving to be hotbeds for scamming activities. Meanwhile, investment scams were the most common type of scam encountered.<\/p>\n

Feedzai\u2019s new report, produced in partnership with GASA, surveyed 500 Singaporean bank customers and sheds a critical light on the state of Singapore\u2019s scam landscape. Among the report\u2019s findings:<\/p>\n

\n
• 68% of Singaporeans encounter at least one scam per month<\/li>\n
• 54% of respondents said their scam experience had a strong or very strong emotional impact<\/li>\n
• Only 9% of respondents were able to recover all of the money lost to a scam<\/li>\n<\/ul>\n

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