Chee Hong Tat on safeguards against deepfake impersonation scams
A multi-layered approach needs to be taken to tackle scams. This includes stronger upstream controls on platforms where scams are propagated, enhancing banks' fraud surveillance to block transfers once rapid draining of accounts is detected, public education initiatives and public vigilance against impersonation and other scams that result in self-effected transfers. Monetary Authority of Singapore Deputy Chairman Chee Hong Tat said this in parliament on Wednesday (Sep 9) in reply to an MP’s questions. He said impersonation scam cases and losses fell in the first half of 2026 and the government will continue to assess evolving scam techniques and work with partners to adjust countermeasures.
A multi-layered approach needs to be taken to tackle scams. This includes stronger upstream controls on platforms where scams are propagated, enhancing banks' fraud surveillance to block transfers once rapid draining of accounts is detected, public education initiatives and public vigilance against impersonation and other scams that result in self-effected transfers. Monetary Authority of Singapore Deputy Chairman Chee Hong Tat said this in parliament on Wednesday (Sep 9) in reply to an MP’s questions. He said impersonation scam cases and losses fell in the first half of 2026 and the government will continue to assess evolving scam techniques and work with partners to adjust countermeasures.
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