News & Reviews:   fraud

This news might shock you. Recently, the founder of cryptocurrency exchange service FTX, Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison by a court in New York. SBF was found guilty of seven charges involving money laundering and online fraud last November in a fraud case involving losses of up to $8 billion (~RM 38 billion).

The Royal Malaysia Police (PDRM) and Whoscall are collaborating to bolster Malaysia's defenses against scams. At the 'Scam Free Malaysia Carnival', they recently announced the giveaway of 1 million Whoscall Premium accounts, worth over RM87 million for free, to help protect Malaysians. 

Personal and private phone data theft has been on the rise lately. This is dangerous because it not only makes you more prone to fraud and scams, but it could also lead to financial loss. That said, these are the 10 Android apps that could steal your private data.

Scams and phishing are on the rise these days. Given how advanced technology is nowadays, it can be difficult to separate between false alerts and genuine emails from your bank. That said, Maybank just released a statement regarding a fake Maybank email.

In case you didn't receive it, a few of us have gotten an SMS from our respective telcos. Starting on 2 July 2023, SMS containing links, requesting personal data and phone numbers will be blocked to prevent online fraud. 

Google recently weighed in online via Mark Risher, Senior Director for Account Security, Identity, and Abuse about the current online security COVID-19 situation. On Google’s side, Google Meet, GMail and Google Play Protect for example have mostly built-in automatic protections but there are a number of checkup tools to see if you’re safe or not and the advice on what to do about it. On our part, we’ve seen a marked increase in such scams.

If you thought that deepfake videos created with a single photo was bad, wait till you hear about this. A scammer managed to trick an employee into transferring USD$243000 (~RM1022544) by deepfaking their CEO’s voice.