Cheap deal, costly click: Singapore loses S$1.4m to social media phishing scams since July 2026
SINGAPORE, Oct 3 — With about 87 per cent of people in Singapore aged 15 and above accessing top social media site...
SINGAPORE — Since July 2026, at least 246 phishing scams have been reported on popular social media platforms like Facebook, Instagram, and TikTok, resulting in losses exceeding S$1.4 million, according to police reports. These scams typically involve ads for discounted household items, food, or fashion, directing users to fraudulent websites where they are asked to input personal banking information.
Some victims even divulge one-time passwords or authorization tokens, making them unaware of the theft until unauthorized transactions appear. To protect themselves, individuals are advised to enable security measures such as transaction limits, two-factor authentication, and the money lock function on their internet banking. No personal data, banking details, or one-time passwords should ever be shared with anyone. Should doubt arise, Singaporeans can contact the 24/7 ScamShield helpline at 1799 for assistance.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
