$1.4 trillion lost to scams globally; S’pore victims lost the most on average: Study

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useful Singapore feature: 

The study found that scam victims in Singapore lost the most money on average, at US$4,031 per victim.

“The scammers who target Singapore are mostly based overseas, and our efforts to enforce (the law) and recover (funds) depend critically on international cooperation. This is not an option but a necessity,” 

industry players, including technology firms and banks, to recalibrate the balance between security and convenience....“The equilibrium point between security and convenience is a norm that we can only move together, and every stakeholder has a part to play.

Qn: 'We have become slaves to convenience.' Is this true of your society today? (CJC Prelim 2021)