Cybercrime Cases On The Rise

The number of cybercrime cases has surged in Singapore. Computer misuse and cybersecurity cases jumped from 280 in 2015 to 758 in 2016, said a Straits Times report. According to police data, 1H2017 saw 366 such cases, a 46.4% rise in from the 250 reported for the same period last year. Syndicates and individuals have been resorting to methods ranging from unauthorized access to company servers to the hacking of online banking accounts.

Cybercrime losses rise in value

One notable scam was syndicated leading victims to believe that they were involved in sending illegal items, with one mastermind sentenced to 8 ½ years jail for the scam involving S$983,000 (US$729,000), the longest sentence to date involving the Computer Misuse and Cybersecurity Act.

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