Findings in a new survey commissioned by Toku also revealed that out of the 1,000 respondents in Singapore, 87% have received a scam call recently, and 75% actually answered the call, with 10% of all the respondents have fallen prey and suffered monetary loss. These figures suggest that people in Singapore are still largely vulnerable to phone scams if they are not vigilant.
“As a Singaporean company, we are committed to finding new ways of protecting the Singapore community from fraudulent calls that are affecting almost everyone. Call frauds are responsible for the loss of personal information, and the loss of billions of dollars for companies. As phone scammers are increasingly using sophisticated tactics to run their call scams, we strive to restore trust back in phone calls by eliminating fraudulent calls. As we gain momentum and work towards building a stronger, safer and fraud-free telco community, we strongly urge other telco players in Singapore to join in the ongoing efforts,” said Thomas Laboulle, Founder and CEO of Toku. “Looking beyond Singapore, we are prepared to take this initiative to the other countries in the region where we operate, starting with Malaysia and Vietnam. With the telco players in these countries on board, we would be able to ensure that 179.58 million numbers are protected from fraud calls by the end of 2024.”