The Singapore Police Force reported on the case of a call center gang in the past year 2024, with a total of 51,501 cases, representing a 10.6% increase from the previous year. The overall damage amounted to 1.1 billion Singapore dollars or approximately 27.7 billion baht, marking a significant 70.6% increase.
The majority of cases involved job scams, investment fraud, or impersonation for loan scams. On the other hand, cases of fake product sales, email phishing, or impersonation as police officers were significantly fewer. One particularly malicious case was an app that siphoned money as malware through links disguised as meeting invites. When victims clicked on the link, it ran malware code to drain cryptocurrency from their wallets, totaling 125 million Singapore dollars or around 3.1 billion baht. In 82.4% of other cases, victims were deceived into transferring money themselves.
The notable difference between Singapore and Thailand is that only 24.3% of criminals in Singapore used cryptocurrency for money laundering, a significant increase from the previous year’s 6.8%.
Source: Channel News Asia
Image by Holgi
TLDR: Singapore’s police reported a rise in call center gang cases in 2024, with job scams and investment fraud being the most common, alongside a malicious app that siphoned cryptocurrency. The country saw an increase in criminals using cryptocurrency for money laundering compared to Thailand.
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