Losses of over $100m prevented after more than 3,000 scams disrupted by S’pore police, banks

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Losses of over $100m prevented after more than 3,000 scams disrupted by S’pore police, banks
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More than 16,700 SMSes were sent to over 12,500 bank customers to warn them about being scammed.

SINGAPORE - Police and banks disrupted more than 3,000 ongoing scams to help prevent losses of over $100 million in a two-month-long operation, the police said in a statement on May 7.

Robotic process automation allows police to automate information sharing and processing, as well as mass distribution of SMS alerts, police said. The police urged people to set up security features such as the ScamShield phone app and two-factor authentication for personal accounts such as bank, social media and Singpass accounts.

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