News & Reviews:   mule accounts

Bank Negara Malaysia (BNM) has warned Malaysians that sharing bank account passwords or PIN numbers with close friends will increase the risk of online fraud, including being used knowingly or unknowingly as “mule accounts” to perpetrate fraud. Worse, BNM Deputy Governor Jessica Chew Cheng Lian in a statement revealed that Malaysians have been observed to have a low level of digital financial literacy “which is deeply concerning”.