Singapore and US pledge to combat online scams in cross-border cooperation
Singapore and the United States have signed a Memorandum of Understanding to collaborate in combating online scams. The Infocomm Media Development Authority of Singapore and the US Federal Communications Commission will work together to fight unsolicited and unlawful communications, including scams. The two government agencies will exchange information and coordinate regulatory enforcement activities related to scams. Singapore saw a 25.2% increase in scams and cybercrimes last year, while the US reported online fraud and scam losses of $10.3 billion. Phishing was a common tactic used in scams in both countries.