10 Ways to Spot a Scam – Infographic

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]In the first six months of 2021 alone, investment scams in Singapore have robbed a staggering $66.2 million from the pockets of innocent victims.

Internet scams, and investment scams particularly, have seen a sharp rise in the past year, with number of cases tripling since the same period last year- a significant factor being the COVID-19 pandemic. Amid the uncertainties and anxieties from the pandemic, scammers have learnt to prey on victims’ heightened sense of vulnerability.

Over 60% of Singaporeans have been targeted by a tech-scam in the last 12 months, reports Microsoft’s Digital Crime Unit. While young people were most exposed to such scams, Gen-Xers were reported as most likely to fall victim to or further interact with the scammers.

The takeaway? There is a dire need for strong digital literacy and financial vigilance.

Our team at GFC have put together a list of 10 ways to spot a scam and better protect yourself in the face of growing cyber risks. If you would like to be advised on a more personal basis, we recommend reaching out to one of our experienced financial consultants to discuss your unique circumstance.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_single_image image=”21771″ img_size=”full” alignment=”center” qode_css_animation=””][/vc_column][/vc_row]