In 2022, phishing scams were the most common type of scam in Singapore, with around 7.9 thousand cases reported. Job scams also represented a prevalent form of fraud in the country, with over 6.49 thousand cases reported.
Phishing threat in Singapore
In Singapore, around 42 thousand different phishing URLs with a .SG domain were detected in 2022. The highest number of phishing URLs was recorded the previous year, with around 55 thousand. Phishing attacks can take many forms, such as corporate e-mail compromise (CEC), mass phishing, or smishing. These phishing e-mails represent a crucial risk for businesses. They can also lead to ransomware infections, which have also increased in recent years.
Companies and governments are increasingly relying on technology to collect, analyze, and store personal data. This can lead to potential risks when such data is affected by cyber incidents. In Singapore, the number of exposed data points per thousand people reached 26 in 2022. Over the same period, around 154 thousand data sets were reported as leaked in the country.