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News & Reviews:   Malaysia fraud

  • Bank Negara Malaysia says Banks must bear full responsibility for fraud due to lapses in security, user negligence cases to be investigated by PDRM

    Dec 25, 2024
    Bank Negara Malaysia says Banks must bear full responsibility for fraud due to lapses in security, user negligence cases to be investigated by PDRM

    As Malaysians are being scammed nearly every day and public trust in our banking systems have plummeted, Bank Negara Malaysia (BNM) was recently reported as announcing that all Financial Institutions like Banks must bear the full responsibility for fraud or scams due to lapses in security. Read more here.

  • How to avoid being Scammed in Malaysia: All you need to know

    Nov 08, 2024
    How to avoid being Scammed in Malaysia: All you need to know

    Another day in Malaysia and another Malaysian is scammed or cheated. Online scams alone have involved billions of ringgit lost or stolen and new AI tools are enabling scammers as well. Once lost or stolen, recovering said assets can be near impossible (unless you’re really lucky). So, it is better to not get scammed in the first place by being aware of all the possible scams that exist here in Malaysia.

    In our opinion, knowing is half the battle won so we’ve listed our top 3 common scams here in Malaysia. In addition, there are already many official online resources such as the Latest Trending Commercial Crimes ebook from PDRM, the Financial Consumer Alert list from Bank Negara Malaysia and more. Read on to avoid being scammed in Malaysia.