Over 300 scams disrupted by police and banks; potential losses of over $24 million averted
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The police have disrupted more than 300 scam attempts during a two-month-long operation which ended on Feb 28, preventing potential losses of over $24 million.In a news release on Wednesday (March 4), the police said they partnered with five banks — DBS, GXOver 300 scams disrupted by police and banks; potential losses of over $24 million averted
The police have disrupted more than 300 scam attempts during a two-month-long operation which ended on Feb 28, preventing potential losses of over $24 million.In a news release on Wednesday (March 4), the police said they partnered with five banks — DBS, GXS, OCBC, Standard Chartered Bank, and UOB — for the operation which began on New Year's Day (Jan 1).Calling it an «innovative system», the police said the use robotic process automation (RPA) allowed rapid information exchange between the police's Anti-Scam Centre (ASC) and partnering banks, thereby enabling quick identification of potential victims and timely intervention to safeguard the potential victims' finances.RPA is the technology that enables computer software to emulate and integrate actions typically performed by humans interacting with digital systems. The use of RPA has enabled the police to automate information sharing and processing, and the mass distribution of SMS alerts. Read more
