News & Reviews:   scam malaysia

Deepfake and artificial intelligence (AI) powered scams have caused financial losses nearing RM4.2 billion globally to date. In the first half of 2025 alone, losses from deepfake fraud reached RM1.92 billion.

With deepfake scam losses expected to only get worse, is it finally time to restrict access to subscription for Generative AI? How?

The Minister of Communications and Digital (KKD), Fahmi Fadzil has revealed that a whopping 1.8 billion scam calls have been blocked by the Malaysian Communications and Multimedia Commission (MCMC) from 2017 to 2022. Furthermore, a total of 300 million scam messages via SMS were also blocked since 2018.

Bank Negara Malaysia (BNM) today instructed banks and financial institutions in the country to stop using SMS one-time passwords (OTPs) and instead migrate to more secure authentication methods for all relevant online transactions and activities. Moreover, BNM also told banks to provide more convenient ways for customers to suspend their accounts as well as immediately alert customers when any fraudulent transactions were detected on their accounts.

The Royal Malaysia Police (PDRM) today warned Malaysians to be wary of a viral link related to a fake lucky draw allegedly organised by Petronas. It is believed that the link will take users to phishing website designed to obtain user data for illicit use.