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 .
71% of Adults Surveyed Across 13 Asian Markets Encountered Scams, with Estimated Losses of US$136.5 Billion
This study of 17,460 adults across 13 Asian markets shows that scam exposure is widespread, with 71% of participants encountering a scam in the past year. While 66% say they are confident in recognizing scams, 62% of those exposed went on to interact with a scammer. Ultimately, 9% lost money or personal information that led to financial loss, while only 4% reported a scam to the authorities. The findings highlight a significant gap between perceived scam awareness and real-world resilience.
3 Ways to Prevent Cross-Border Payment Scams in Mexico
Learn three ways financial institutions can prevent cross-border payment scams in Mexico through intelligence sharing, payee transparency and real-time analysis.
Accra Trust & Safety Workshop Turns Collaboration into Action Against Scams and Fraud in West Africa
GASA Africa Chapter and Google South Africa brought anti-fraud leaders together to strengthen cross-border cooperation and scam prevention.
State of Scams in Nigeria 2026: A Comparative Review Across Africa
Nigerian experts examine scam trends, technology, consumer protection and the need for stronger cross-sector collaboration.
Nearly three in four Danish adults encountered scams as estimated losses reach DKK 10.1 billion
New State of Scams Denmark 2026 report finds scam exposure is rising, while victims face repeated financial and emotional harm.
Building a More Trusted Digital Philippines: New Report Underscores the Need for Collective Action as Scam Exposure Continues to Rise
GASA’s State of Scams in the Philippines 2026 Report, in collaboration with Mastercard and Gogolook, highlights the growing scale of the scam challenge in the Philippines.
Global Anti-Scam Summit America 2026: Highlights, Insights and Resources
Explore GASS America 2026 highlights and insights, with the Summit summary, photos, presentation slides, transcripts and session recordings from San Francisco.
State of Scams in Kenya 2026: A Comparative Review Across Africa
Kenyan experts examine scam trends, data sharing, digital trust and the need for stronger cross-sector prevention.