Online fraudsters hit by pandemic blues when Covid-19 cases rise

SINGAPORE – While Covid-19 led more people to go digital, opening up more hacking opportunities for cyber crooks, the pandemic blues likely also hit online fraudsters just like everyone else and stifled their ability to carry out attacks to their fullest extent.

Worldwide, more sophisticated online fraud attacks carried out personally by the fraudsters, like impersonation scams, fell when Covid-19 cases rose and restrictions kicked in, financial crime analysis firm LexisNexis Risk Solutions told The Straits Times.

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