WELL-USED FRAUDS STILL WORK – BUT THEY ARE NEW WINE IN OLD BOTTLES, WARN EXPERTS
September 30th, 2022
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 ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.