WELL-USED FRAUDS STILL WORK – BUT THEY ARE NEW WINE IN OLD BOTTLES, WARN EXPERTS

Anti-fraud managers see the same old tricks and swindles repeatedly, even if repackaged and more digitalised than in the past. But why do people keep falling for well-worn scams? To some extent it is that there are more fraud attempts targeting more people, who lack experience of such deception. Covid-19 forced both fraudsters and potential victims online, with more fraud being the result. In Singapore, for instance, the number of fraud cases rose by 51% in 2021 on the previous year, to 23,931, nearly half of all crimes reported in the city-state, while physical ...


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