Cyber Crimes In Singapore

Cyber Crimes In Singapore

While technological advancements have generated a manifold of advantages, they have also allowed cyber criminals to evolve, misusing the convenience, mobility and anonymity of online platforms. As of 2016, cybercrime cost the global economy over US$450 billion (S$620 billion), with an estimated US$3 trillion of losses by 2020. On the world map, Singapore is not exempt from such crimes either. Cyber bank robbery, ransomware attacks and business e-mail compromise attacks have plagued some in Singapore, most recently the WannaCry and NotPetya attacks which greatly affected thousands of individuals and organisations worldwide.