The 2024 Asia Scam Report surveyed nearly 25,000 participants across 13 Asia markets
Upcoming Global Anti-Scam Summit – Asia is taken place in Singapore Oct 21-22
SINGAPORE , Oct. 16, 2024 /PRNewswire/ -- As scams continue to escalate across Asia, the Global Anti-Scam Alliance (GASA) and ScamAdviser jointly announce the release of the Asia Scam Report before the Global Anti-Scam Summit – Asia in Singapore on October 21-22. This comprehensive report provides critical insights into the evolving landscape of digital scams across the region, offering actionable data for governments, businesses, and individuals.
"As scammers become more sophisticated, leveraging AI to scale their attacks, our defense strategies must advance rapidly." said Jorij Abraham, Managing Director of GASA. "The Asia Scam Report sheds light on the alarming rise of scams across the region. We are honored to collaborate with industry partners to strengthen our collective efforts in protecting citizens and businesses throughout Asia."
The 2024 Asia Scam Report, conducted by the Global Anti-Scam Alliance (GASA) and ScamAdviser surveyed nearly 25,000 participants across 13 areas including China, Hong Kong, India, Indonesia, Japan, Malaysian, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. The findings provide an in-depth look at scam threats, the methods employed by scammers, and the responses from citizens across the region.
The Asia Scam Report reveals key findings, including:
Join the Global Anti-Scam Asia Summit – Asia
The findings of the Asia Scam Report will be further discussed at the upcoming Global Anti-Scam Summit ï¼Asia, where experts from across the globe will share their insights on combating the growing scam. Besides ScamAdviser, attendees will have the opportunity to engage with thought leaders, including representatives from Amazon, Mastercard, Gogolook, Google, and Meta, as well as officials from law enforcement, financial authorities, and non-profit organizations.
For more information on Global Anti-Scam Summit – Asia, please visit the official website: https://www.gasa.org/gass-2024-asia
To download the 2024 Asia Scam Report, please visit: https://www.gasa.org/research
About GASA
The Global Anti Scam Alliance's (GASA) mission is to protect consumers worldwide from scams by raising awareness, enabling hands-on tools, facilitating knowledge sharing, organizing research, and offering training and education.
For more information, please refer to: https://www.gasa.org/
About ScamAdviser
ScamAdviser, a leading brand in global enterprise scam prevention solutions, based in Amsterdam, Netherlands. Leveraging AI and a comprehensive database network, ScamAdviser has developed its own website risk rating technology. Its Anti-Scam Intelligence is built on the world's most comprehensive digital anti-scam database.
ScamAdviser excels in implementing customized anti-scam technologies into corporate operations, helping clients protect consumers and stay ahead of global compliance trends. As a founding member of the Global Anti-Scam Alliance, ScamAdviser's partners and clients span Europe, the Americas, and Asia, covering both public and private sectors. With the world's largest scam database, we share insights with 400+ partners, collectively protecting more than 1 billion consumers worldwide.
For more information, please refer to: https://www.scamadviser.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia
Singapore drivers offered unprecedented engine protection amid new CCCS guidelines
SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- In a significant advancement for consumer automotive care, 1 Car Service Workshop announces the launch of 'Engine Shield', a free lifetime engine warranty programme providing coverage up to 20 years of a vehicle's age with unlimited mileage. This initiative offers Singapore drivers long-term reliability and peace of mind in vehicle maintenance and is limited to the first 200 customers.
Applicable to cars currently below 12 years of age—including both used cars without existing warranties and newer cars still under dealer warranties—the Engine Shield programme requires customers to purchase a S$1,000 servicing credit, which includes an additional S$100 bonus credit. Regular servicing at 1 Car Service Workshop is necessary to maintain warranty coverage.
"We have always been committed to providing extended warranties on our repair works, such as our two-year warranty for gearbox overhauls," said Mr Teng, founder and managing director of 1 Car Service Workshop. "With Engine Shield, we're extending that assurance to routine servicing, offering additional engine protection at no extra cost to our customers."
Empowering Consumers in Line with CCCS Guidelines
The launch of Engine Shield aligns with recent directives from the Competition and Consumer Commission of Singapore (CCCS), which require authorised car dealers to remove warranty restrictions that compel customers to service their vehicles exclusively at authorised workshops. These restrictions were deemed anti-competitive and limiting to consumer choice.
Mr Teng commented: "The CCCS has made it clear that consumers should have the freedom to choose where they service their cars without fear of losing warranty coverage. This freedom promotes competition and can lead to better services and prices for consumers."
By adhering to these guidelines, car owners can now service their vehicles at independent workshops like 1 Car Service Workshop without voiding their dealer warranties. This allows them to benefit from both the dealer's warranty and the Engine Shield programme.
Programme Details and Participation
The Engine Shield programme offers lifetime engine protection up to 20 years of the vehicle's age. Owners can enrol their vehicles before they reach 12 years old; once enrolled, coverage continues until the vehicle is 20 years old, provided servicing requirements are met.
Servicing Packages:
How to Enrol:
Due to limited availability, interested car owners are encouraged to enrol promptly to secure their lifetime engine protection.
From Investment Banking to Automotive Innovation
Before founding 1 Car Service Workshop in 2016, Mr Teng built a successful career as an investment banker. Holding a Master's degree in Artificial Intelligence and double Bachelor's degrees in Business and Economics, he developed a strong foundation in analytical thinking and strategic planning.
"My experience in finance and technology has been instrumental in shaping the Engine Shield programme," Mr Teng explained. "Understanding risk management and the importance of long-term value inspired me to create a warranty programme that truly benefits car owners. Engine Shield is designed to provide practical drivers with unparalleled engine protection while promoting transparency and trust in automotive services."
By leveraging his background, Mr Teng has introduced innovative practices into the automotive industry, focusing on data-driven maintenance solutions and customer-centric services that set new standards for vehicle care.
Commitment to Quality and Transparency
1 Car Service Workshop is recognised as one of Singapore's top-rated car repair workshops, with over 800 five-star reviews on major platforms such as Google and Facebook. The workshop's extensive technical expertise enables it to resolve a wide range of complex technical, mechanical, and electrical issues.
Mr Teng emphasised the importance of proper vehicle servicing, noting that inadequate maintenance can lead to severe engine damage. Some workshops may skip essential steps or use substandard engine oils and filters, leaving consumers vulnerable to costly repairs.
"We prioritise thoroughness and quality in our services," he said. "Engine Shield provides motorists with assurance regarding the care their vehicle receives, helping to prevent issues caused by substandard servicing."
Future Plans
Moving forward, 1 Car Service Workshop is actively pursuing authorisation from major insurance companies to become an approved repair workshop. The company's key strength lies in its ability to repair major damage with a short turnaround time, particularly for high-end luxury vehicles where parts are harder to source and require specialised technical expertise. With proficiency in electronic control module repairs and programming, the workshop can address complex technical issues, which is especially critical for electric vehicles (EVs). This expertise allows car owners to get back on the road sooner, while insurers benefit from reduced repair costs. Furthermore, 1 Car Service Workshop plans to extend its Engine Shield coverage to all major accident repairs handled under insurance claims, offering car owners additional peace of mind.
Exclusions and Transparency
While Engine Shield offers extensive coverage, certain exclusions apply to maintain ethical standards and clarity:
Customers will receive a comprehensive warranty booklet outlining all terms and conditions.
About 1 Car Service Workshop
1 Car Service Workshop is one of Singapore's top-rated car repair workshops, renowned for its extensive technical expertise in resolving complex technical, mechanical, and electrical issues. Established in 2016, the workshop offers comprehensive maintenance and repair services for various vehicles, including luxury brands such as Bentley, Porsche, Mercedes-Benz, BMW, and Audi. Specialising in services like gearbox overhauls, engine overhauls, car aircon repairs, hybrid battery repairs, mechatronic repairs, and more, 1 Car Service Workshop is dedicated to providing high-quality, reliable, and efficient vehicle care. With a focus on quality, transparency, and customer satisfaction, the workshop ensures that every driver enjoys a stress-free and superior automotive service experience.
Contact Information for Customers
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
1 Car Service Workshop Launches Free Lifetime Engine Warranty with 'Engine Shield' Service Programme
