Job scams hit 53% of Singaporeans

Nearly one in five (18%) reported being affected by a scam.

Singapore is the most targeted market in the Asia Pacific for job scams, as over half (53%) reported being targeted, according to a Trend Micro report.

The report also found that nearly one in five (18%) reported being affected by a scam.

This is amplified by high digital connectivity, with 69% receiving income offers via text or email. Of these offers, 35% originated from unfamiliar sources.

Of those receiving such offers, 25% chose to engage with the texts or emails, driven primarily by the need for extra income (35%) and curiosity (31%), as the majority (69%) of job offers promised easy money.

Amongst job scam victims, 40% discovered the fraud only after losing a significant amount of money.

Moreover, 96% of Singaporeans worry about financial security. In the last 12 months, 47% indicated a negative impact on their income source, with 62% citing increased living expenses as the main cause.

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