2024 Asia Scam Report Reveals Singapore and Japan See Decline in Scam Losses
The Global Anti-Scam Alliance (GASA) , has released the highly anticipated 2024 Asia Scam Report . Based on survey responses from 24,731 consumers across Asia, this annual report offers insights into the growing threat posed by scammers and their increasingly sophisticated tactics.
Individual survey responses were extrapolated to report an estimated total loss of US$688.42 billion over the last 12 months , a figure that represents a significant portion of the estimated US$1.026 trillion global scam losses reported in GASA’s 2023 data. This year’s report highlights key trends such as the rise of AI-generated scam messages and the surge in social media-related fraud.
Key Findings from the 2024 Asia Scam Report:
Rapid Revictimization: Scam victims across Asia tend to be scammed repeatedly after they have been successfully targeted once.
Singapore (-40%) and Japan (-17%) have reported a noteworthy reduction in average scam loss per victim, indicating the effectiveness of preventive measures while other countries have seen increases. In Singapore, initiatives such as the co-location of police and banks has contributed to an efficient crackdown on scams.
Dominance of Social Media Scams: Some leading platforms have seen an increase in scam activity, with many users looking for social platforms to address fraudulent ads and fake accounts.
Top Scams by Category: Identity theft, investment scams, and shopping scams remain the leading threats across the region, with scammers targeting individuals through a range of channels, including phone calls, social media, and text messages.
Scam Prevention and Cross-Sector Collaboration in Focus at GASS Asia Summit
As Foundation Partners of GASA , Mastercard and ScamAdviser sponsored this report and will engage deeply in scam prevention discussions and partnerships at the Global Anti-Scam Summit (GASS) Asia Summit on October 20–21 . The event, in Singapore, is a key gathering for stakeholders across sectors to joint actions against perpetrators of scams.
With Amazon , Google , and other global organizations participating, the event will focus on best practices and new strategies in financial fraud, AI misuse, and consumer protection strategies.
For more information and to download the full 2024 Asia Scam Report, visit GASA's research directory .
-1.jpeg)
From Vienna to Global Action: Key Takeaways from the UN Global Fraud Summit
Explore key insights from our participation at the UNODC's Global Fraud Summit in Vienna. Discover how AI is changing the scam landscape, the power of national anti-scam centres, and the introduction of the Public-Private Partnership Framework to protect communities from fraud.
League of Protectors: Women Fighting Against Scams
Explore key insights from our International Women’s Month webinar on combating scams. Discover how women leaders are driving cross-border collaboration, digital literacy, and collective action to protect communities from fraud.
The Real Gap in Fraud Defense Is Strategy, Not AI
Fraud losses keep rising despite advances in AI detection. The real challenge is fragmented strategy across banks, platforms, telcos and governments. Effective scam prevention requires coordination, shared signals and earlier intervention.
New Executive Order on Cybercrime and Fraud Marks a More Coordinated U.S. Response
A U.S. Executive Order targets cybercrime, scams, and global fraud networks with a more coordinated government response.
Global Anti-Scam Alliance Launches Scam.org with OpenAI and Key Partners
The Global Anti-Scam Alliance (GASA) launched today Scam.org, an AI-powered platform that provides scam education, prevention, detection, reporting, and victim support.
La Industrialización del Engaño: Por qué 2026 será el año en que las estafas cibernéticas cambien para siempre
El auge de la inteligencia artificial está eliminando las señales tradicionales de alerta y transformando las estafas en un sistema industrial a gran escala.
.jpg)
The Industrialization of Deception: Why 2026 Will Be the Year Cyber Scams Change Forever
The rise of artificial intelligence is eliminating traditional warning signs and transforming scams into a large-scale industrial system.
What to Expect From Scams in 2026 in the Age of AI
Experts discuss how AI is changing scam tactics and what to expect in 2026, in this webinar hosted by GASA Brazil.