Also, people in Singapore seem to be particularly vulnerable to scams:
> Pang is just one of tens of thousands of Singaporeans to fall foul of scams last year, who lost a total of S$1.1bn, according to police, a 70 per cent increase on the previous year. The true figure could be even higher, according to the Global Anti-Scam Alliance, which estimates that more than two-thirds of Singaporean victims did not report their experience.
> This is a small part of a global criminal enterprise worth an estimated $1tn, but Singaporeans, affluent, digitally advanced and compliant, are particularly vulnerable to these scams. As one person involved in the recovery of assets put it: “They are rich and naive”.
This is blaming the victim, and I'm not having it.
The problem has been that BankCorp are all forcing us into online pathways because it's cheaper for BankCorp. Of course, they don't put good security on the pathways because that would dramatically increase the customer support cost for BankCorp. Getting scammed is "just sucks to be you" because that costs LittlePlebian.
The "solution" is that liability for these kinds of scams need to be on BankCorp, period. LittlePlebian simply cannot be expected to protect themselves from every professional scammer in the universe beyond very basic measures. Bitcoin people regularly get scammed and they are supposedly more "sophisticated" than the average bear. Nobody less sophisticated stands a chance against the professionals.
> Pang is just one of tens of thousands of Singaporeans to fall foul of scams last year, who lost a total of S$1.1bn, according to police, a 70 per cent increase on the previous year. The true figure could be even higher, according to the Global Anti-Scam Alliance, which estimates that more than two-thirds of Singaporean victims did not report their experience.
> This is a small part of a global criminal enterprise worth an estimated $1tn, but Singaporeans, affluent, digitally advanced and compliant, are particularly vulnerable to these scams. As one person involved in the recovery of assets put it: “They are rich and naive”.
https://archive.is/fCmW1