04
Jun
FT article describes Singaporeans as ‘rich and naive’ amid S$1.1 billion lost to scams in 2024
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An article published by the Financial Times (FT) has cast a harsh spotlight on Singapore’s worsening online scam crisis, describing the Republic as being engulfed in a “scamdemic”. According to the FT report published on 26 May 2025, Singapore’s unique blend of affluence, high digital connectivity and strong social trust has made it a fertile target for international scam syndicates. The article, titled ‘Rich and naive’: why Singapore is engulfed in a ‘scamdemic’, was authored by FT Singapore correspondent Owen Walker. It portrays the situation as a national emergency, driven... Read More




