S1E2: How scammers are buying bank accounts and digital identities of youth for misuse

Synopsis: This is a new podcast by The Straits Times to raise greater public awareness of the modern scourge of scams in Singapore and globally. In Singapore, nearly $1 billion has been lost by scam victims since 2016. Mutating and spreading, different types of scams have infiltrated every aspect of our lives, from love to work. The police are cracking down on offenders. What can you do to protect yourself? In this episode, ST's deputy news editor Andre Yeo and journalist Jessie Lim speak with Superintendent of Police Michelle Tay, the head of the Anti-Scam Centre, launched in 2019. Their job is to disrupt the scammers’ operations and help victims to try to recover their money.  Highlights (click/tap above): 02:15 Step-by-step guide: What to do if you're a scam victim, and what the police do when liaising with banks and fintech institutions 04:10 Why is it so hard to recover scam victims' monies once the funds are transferred out of Singapore? 05:15 What is the Community Watch Scheme and the new e-commerce Transaction Safety rating?  07:00 What are the new scam tactics emerging in 2022? More on the pig-butchering scam which combines tactics used in love and investment scams 09:33 How scammers are targeting youths, offering up to $2,000 to buy their digital identity credentials, and why this is an offence for teenagers involved 09:56 When Supt Tay’s mother received a scam call claiming she had been kidnapped Listen to Ep 1 - Near impossible to recover your money once scammers transfer it out of Singapore: https://str.sg/wuZB Public can join these police schemes: Community Watch Scheme: https://go.gov.sg/spf-cws Crime Prevention Ambassadors: https://www.ncpc.org.sg/cpas.html Citizens on Patrol: https://go.gov.sg/citizensonpatrol ST's Stop Scams articles: https://str.sg/wWt9 • Anti-Scam Hotline: 1800-722-6688 (9am - 5pm); https://www.scamalert.sg/ • National Care Hotline: 1800-202-6868 (8am - 12am); https://ccs.org.sg/nch/ Produced by: Andre Yeo ([email protected]), Jessie Lim ([email protected]), Ernest Luis and Teo Tong Kai Edited by: Teo Tong Kai Follow ST's Stop Scams podcast series here: Stop Scams Channel: https://str.sg/wuZB Apple Podcasts: https://str.sg/wu3e Spotify: https://str.sg/wuJj Google Podcasts: https://str.sg/wE7S SPH Awedio app: https://www.awedio.sg/ Websites: http://str.sg/stpodcasts Feedback to: [email protected]  Andre Yeo's articles: https://str.sg/wWtC Jessie Lim's articles: https://str.sg/wWtF --- Discover more ST podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7  The Usual Place: https://str.sg/wEr7u  In Your Opinion: https://str.sg/w7Qt  COE Watch: https://str.sg/iTtE  Asian Insider: https://str.sg/JWa7  Health Check: https://str.sg/JWaN  Green Pulse: https://str.sg/JWaf  Your Money & Career: https://str.sg/wB2m  Hard Tackle: https://str.sg/JWRE  #PopVultures: https://str.sg/JWad  Music Lab: https://str.sg/w9TX  --- ST Podcast website: http://str.sg/stpodcasts  ST Podcasts YouTube: https://str.sg/4Vwsa  --- Special edition series: True Crimes Of Asia (6 eps): https://str.sg/i44T The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2  Invisible Asia (9 eps): https://str.sg/wuZn  Stop Scams (10 eps): https://str.sg/wuZB  Singapore's War On Covid (5 eps): https://str.sg/wuJa  --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB  Google Play: https://str.sg/icyX  #stopscamsSee omnystudio.com/listener for privacy information.