Blogs
Malaysian Police initiative to combat cybercrime

Malaysian Police initiative to combat cybercrime

On 25 March 2024, the New Straits Times(NST) reported that the police intend to establish a new cyber technology section, with an emphasis on digital crime and more complicated technologies. In the 217th Police Day Celebration, in his speech, Inspector-General of...

Cyber Fraud: Spotlighting 34,497 Online Scam Cases

Cyber Fraud: Spotlighting 34,497 Online Scam Cases

On 18 March 2024, the New Straits Times(NST) reported a total cases of 34,497 cases of online scams amounting to RM1.2 billion loss in 2023. Based on the 2023 statistics, the category with the highest recorded with 10,348 cases amounting to a total of RM352.9 mil was...

Cybercrime is a Challenge for Financial Institutions 

Cybercrime is a Challenge for Financial Institutions 

In today’s world, financial institutions have become dependent on information systems. The systems let them conduct business transactions like account management, transfers, withdrawals, and more. Together with this, it controls information exchange.  Aside from...

The surge of FB and IG scams in Malaysia

The surge of FB and IG scams in Malaysia

New Straits Times (NST), reported Malaysians lost a total of RM302 million as a result of online fraud on Facebook and Instagram between 2021 and June 2023.These frauds cost RM27 million in February 2023, with an extra RM100 million stolen by 330 victims in two weeks...

Cryptocurrency Investment Scam: Victims Lost Millions

Cryptocurrency Investment Scam: Victims Lost Millions

On 5th February 2024, The Star reported a company director lost RM11 million in a cryptocurrency scam. Meanwhile, on 27th January 2024, Free Malaysia Today (FMT) reported a victim of a cryptocurrency scam who lost more than RM10 million.However, this is not the only...