Over 900 scam attempts disrupted by police, banks; losses of more than $35 million prevented
The police, working with four banks here, have disrupted more than 900 scam attempts during a two-month-long operation which ended on Oct 31, preventing potential losses of over $35 million.The police said on Wednesday (Nov 11) that they partnered with DBS, UOB, OCBC, and GXS for the operation which began on Sept 1.Robotic Process Automation (RPA) was again deployed to foil scam attempts, including e-commerce scams, job scams, friend impersonation scams, government official impersonation scams, and investment scams.Police said the collaboration allowed for rapid information exchange between its Anti-Scam Centre (ASC) and the partner banks, enabling quick identification of potential victims and timely intervention to safeguard their money.During the operation, ASC officers and the participating banks sent over 27,000 SMS alerts to more than 15,000 bank customers identified as potential scam victims."These timely interventions averted over $35 million in potential losses that would otherwise have been transferred to scammers," the police stated.