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
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
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...
Fake Gold Investment Scam: Businesswoman lose RM6.2 million
On 23 January 2024, the New Straits Times(NST) reported a businesswoman lost RM6.2 million in a fake gold investment scheme.Numerous cases are similar to non-existent online investment schemes, where the victims are promised lucrative returns, so they get attracted...
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
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...