At the recent Global Anti-Scam Summit (GASS) Asia 2025, Singapore made history. Its Government Technology Agency (GovTech) became the first public body worldwide to formally commit to the Global Scam Data Exchange, joining over a hundred organisations in a landmark show of cyber solidarity.
According to the Global Anti-Scam Alliance (GASA), scammers stole an estimated US$1.03 trillion in just one year. To grasp the scale: that’s enough to fund Singapore’s entire healthcare budget for the next 70 years.
Fraud is no longer a petty crime of opportunity. It’s a billion-dollar industry that is run like a business, scaled by automation and supercharged by AI. In today’s hyper-connected world, a scam launched in a backroom in Bucharest can reach victims in Jakarta, Sydney or Seoul within minutes.
