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At the end of 2016, IGD valued online grocery to have a 1.2% share of the Singaporean grocery market. Reflecting rapidly changing shopper habits in the region and increased investment in the online channel from retailers and suppliers, IGD is further forecasting online to take a 4% share of Singapore’s grocery market by 2020, with a compound annual growth rate of 39%.
Let's unite and fight the war against scams. In order to outwit scammers whose traps are constantly evolving and becoming more sophisticated, we all have to stay updated and current. The more we know and share, the more vigilant we will be. You can play an important part to help more from getting entrapped and hurt.
The good news? You can help protect yourself — and your wallet — by understanding how online dating scams work. What is an online dating scam? Here’s how a typical dating scam works. A fraudster might create a fake profile either on a dating app or on popular social media sites like Instagram and Facebook, then strike up a conversation.
UPDATED FEBRUARY 2020. Ecommerce will be the largest retail channel in the world in just two years, according to projections. People aren’t just shopping online. Ecommerce statistics say they’re spending more in online stores than physical stores for the first time in history. Statista forecasts that consumers will spend almost a trillion online in 2023 in the U.S. alone.
A newer version of online shopping scams involves the use of social media platforms to set up fake online stores. They open the store for a short time, often selling fake branded clothing or jewellery. After making a number of sales, the stores disappear.
The so-called “Nigerian letters” (also known as Code 419 scams, after the article of the Nigerian Criminal Code dealing with fraud) can also originate in other countries. These are email scams from someone purporting to be the accountant of deposed royalty or a politician, or alternatively a bank employee who knows of a terminally ill wealthy person with no relatives or some such similar.
An animated overview of the Singapore economy, presenting the latest GDP, growth and industry breakdown, latest data and partners in investments in Singapore and abroad, profile of enterprises, and latest data and partners in trade in goods and services. This infographic is based on data compiled by the Department of Statistics, other government agencies and statutory boards.
In 49% of non-investment frauds (such as fraud related to online shopping scams or fraudulent computer service calls) and 76% of all other frauds (for example, lottery scams, pyramid or Ponzi schemes 2 or charity fraud) there was no loss to the victim. This compares to 30% of incidents of bank and credit account fraud where no loss was suffered.
Let's Fight Scams. Scams are designed to trick people into giving away their money or personal information. While many people think scams target only certain groups of individuals, the truth is anyone can be a victim of a scam. We are all at risk. That's why it is important that everyone stays informed and vigilant against scams.
Excluding cases from the top 10 types of scams, however, the total number of reported crimes in Singapore fell by 1.9 per cent to 27,338 cases last year. SCAMS TO WATCH OUT FOR 1.
Report the scam to the police through Action Fraud on 0300 123 2040, or report a scam anonymously on its website. If you wish to seek further advice, contact Citizens Advice Scams Action through the website, or call its online scams helpline on 0300 330 3003.
Spend more for free shipping: Most online shoppers in Singapore (72%) say that free shipping is critical in their decision to make a purchase online, and most will go to great lengths to get it.
Crime in Singapore is extremely low compared to other developed nations and the world in general. Police statistics released in the year 2016 suggested 33,608 criminal cases from a population of more than five and a half million, with most of them being cybercrimes.Between the years 2014 and 2015, there was an observed statistical decrease in violent or serious property offenses.
Current 2020 Top 10 List of Scams and Frauds Top 10 List of Scams of 2020. There are many ways to measure the largest scams, but most measure them by the number of people affected and the total dollars scammed. Our list focuses on the scams that you could avoid, those reported to the CFR, FTC, Fraud.org and BBB (Better Business Bureau).
The number of e-commerce crimes booked a double-digit increase in the first half of the year, according to statistics released today by the Singapore Police Force. The SPF said that there were 1,015 cases of online shopping scams in the first half, 65.6% higher compared to 613 cases in the first half of 2014.E-commerce tops the sector with the most complaints received by the National Consumer Complaints Centre for two consecutive years. As more Malaysians turn to the Internet to purchase goods and services, there is a pressing need for an improved legal framework to protect their rights.Keep track of the latest scams data with our interactive tool. It shows you how many reports we’ve received, the amount of money lost, as well as the age, gender and location of people reporting scams.