Facebook Marketplace ranks last on anti-scam rating system; accounts for nearly 50% of cases

User authentication such as verifying accounts and secure payment options like escrow, are deemed critical safeguards on e-commerce platforms.  These safety features have proven to be effective in combatting scams and platforms that implement these, have seen a “significant reduction” in cases. MHA strongly urges all e-commerce marketplaces to put in place these features, to … Read more

S$314,000 lost to Carousell, Facebook fake buyer phishing scams in December

SINGAPORE: Victims of fake buyer phishing scams on Carousell and Facebook have lost at least S$314,000 (US$236,000) this month, the police said in an advisory on Tuesday (Dec 19).  At least 132 people have fallen prey to such scams since December, they added.  This scam variant involves criminals posing as “buyers”. They then approach victims by messaging them … Read more