In 2022, e-commerce scam cases increased to just under 4.8 thousand from around 2.7 thousand cases the previous year. With e-commerce transactions increasing in Singapore with every year, such scams would most likely become more prevalent.
Exploiting the trust of buyers and sellers
Scams involving e-commerce was among the leading types of scams reported in that year. Victims of such scams were cheated out of a total of 21.3 million Singapore dollars. This, however, was just a fraction of the losses caused by other types of scams common in Singapore. This was likely due to the nature of e-commerce scams, usually involving C2C or B2C transactions. These tend to take place more often on C2C e-commerce sites, such as Carousell or Shopee. Common transactions included the dishonest and fraudulent sale of electronic items, concert tickets, hotel room bookings and vehicle rentals.
Overall state of crime in Singapore
While incidences of major crimes in Singapore had been decreasing in the last ten years, commercial crimes such as frauds and scams have been on the rise. The increase in such cases has pushed the crime rate in Singapore to a ten-year high. Even so, it remains one of the safest cities in the world.
Number of e-commerce scams in Singapore from 2014 to 2022
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SPF. (February 8, 2023). Number of e-commerce scams in Singapore from 2014 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/
SPF. "Number of e-commerce scams in Singapore from 2014 to 2022." Chart. February 8, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/
SPF. (2023). Number of e-commerce scams in Singapore from 2014 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/
SPF. "Number of E-commerce Scams in Singapore from 2014 to 2022." Statista, Statista Inc., 8 Feb 2023, https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/
SPF, Number of e-commerce scams in Singapore from 2014 to 2022 Statista, https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/ (last visited July 22, 2024)
Number of e-commerce scams in Singapore from 2014 to 2022 [Graph], SPF, February 8, 2023. [Online]. Available: https://www.statista.com/statistics/866921/singapore-e-commerce-scam-number/