Singapore has emerged as the most targeted country for job scams in the Asia Pacific (APAC) region, according to new research by cybersecurity firm Trend Micro. The study found that over half (53%) of Singaporeans have been targeted by job scams, with nearly one in five (18%) having fallen victim to such schemes.
The research highlights the impact of economic uncertainty and rising living costs on Singaporeans’ financial security, with 96% expressing concern over their financial situation. This anxiety has driven many to seek better job opportunities and shopping deals online, inadvertently increasing their exposure to scams. Trend Micro’s Consumer Education Director, Ashley Millar, noted, “Emotions are a powerful psychological tactic that scammers often capitalise on.”
Key findings from the study reveal that 69% of Singaporeans have received job or income offers via text or email, with many offers promising easy money for minimal work. The high digital connectivity in Singapore may be amplifying the reach of these scams. Additionally, 79% of Singaporeans are actively seeking promotions and discounts due to rising prices, making them prime targets for fraudulent online offers.
The report underscores the need for increased consumer awareness and digital hygiene. Simple measures such as verifying identities, avoiding suspicious links, and reporting irregular activities can help mitigate the risk of scams. With financial pressures unlikely to ease soon, Singaporeans are urged to remain vigilant against the growing threat of online scams.
