SINGAPORE, Nov 22 — Singapore has recorded the steepest year-on-year increase in identity fraud within the Asia-Pacific region, with cases surging by 207 per cent in 2024...
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Singapore ranked joint second with Cambodia in the region for deepfake-related attacks, reporting a 240 per cent increase, trailing South Korea’s dramatic 735 per cent rise. — iStock picSINGAPORE, Nov 22 — Singapore has recorded the steepest year-on-year increase in identity fraud within the Asia-Pacific region, with cases surging by 207 per cent in 2024 compared to 2023, according to a report by verification platform Sumsub.
Sumsub’s findings, based on data from over three million fraud attempts globally, also identified five primary types of identity fraud: the use of fake documents, chargeback fraud, organised fraud networks, account takeovers, and deepfakes. Earlier this month, for example, deepfake nude images of Singapore Sports School students were created and circulated by peers.
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