SYDNEY, July 12 — Australia plans to introduce a law by year-end forcing internet firms to proactively stop hosting scams or face hefty fines, the top consumer regulator said today, potentially setting up another showdown with Big Tech.

KUALA LUMPUR, July 4 — The National Scam Response Centre (NSRC) had received over 37,000 calls from scam victims with a total reported loss of RM203.33 million as of May.

KUALA LUMPUR, March 14 — The police have advised the public to exercise caution regarding recent scam tactics which offer electronic goods at very low prices.

KUALA LUMPUR, Feb 27 — The government is taking steps to create a legal system capable of acting as a kill switch against fraudulent activities on any online domains or platforms automatically.

KUANTAN, Feb 3 — Communications Minister Fahmi Fadzil has advised the public to exercise caution amidst the rising prevalence of online investment frauds and social media slander to prevent being victimised by these deceptive practices.

KUALA LUMPUR, Oct 20 — A total of 8,868 online or e-commerce scams incurring RM163 million in losses were reported between January and September this year.

PETALING JAYA, Aug 23 — The Securities Commission Malaysia has seen a rapid increase in complaints and enquiries on unlicensed activities and scams since the Covid-19 pandemic in 2020.

By Nas Norziela Nasbah SUBANG JAYA, July 27 — Approximately 53,514 Rumah Selangorku units have been offered to the public online, via Sistem Penawaran Hartanah Negeri Selangor, said state executive councillor for housing Rodziah Ismail. She said 34,288 units have since been completed and...

KUALA LUMPUR, July 24 — Public Bank Bhd will continue to step up its security measures against the diverse modus operandi of scams and frauds.

KUALA LUMPUR, June 28 — Banks in Malaysia continue to adapt and improve banking security features, in line with Bank Negara Malaysia’s (BNM) five key measures to combat financial fraud.

KUALA LUMPUR, June 22 — Police received four reports on kidnapping ransom scams targeting schoolchildren in the Klang Valley this month.

KUALA LUMPUR, June 20 — A total of 22,000 government retirees have, so far, fallen victim to scammers, involving losses amounting to RM850 million, said Deputy Finance Minister Datuk Seri Ahmad Maslan.

KUALA LUMPUR, March 16 — Bursa Malaysia Bhd today denied issuing any communication related to investment on the WhatsApp application and urged the public to be wary and alert of investment scams.

BANGKOK, March 14 — Scammers in Thailand pocketed 31.58 billion baht (RM4.10 billion) in various scams and financial fraud over the past 12 months.

KUALA LUMPUR, March 1 — The kill switch initiative announced by Prime Minister Datuk Seri Anwar Ibrahim who is also the Finance Minister when tabling the Budget 2023 recently, can prevent victims of scams from suffering hefty losses.

KUALA LUMPUR, Oct 12 — The Securities Commission Malaysia (SC) received 1,800 complaints and enquiries related to investment scams and unlicensed activities in the first nine months of this year.

KUALA LUMPUR, Sept 27 — Three associations representing the local banking industry are in full support of the five key measures to combat financial scams as announced by Bank Negara Malaysia (BNM).

By Norrasyidah Arshad SHAH ALAM, Aug 25 — A total of 4,608 cases of cybercrime were reported in Selangor from January to July this year, said state executive councillor for consumer affairs Mohd Zawawi Ahmad Mughni. He said the scamming activities resulted in a high value of losses and must...

KUALA LUMPUR, June 9 — All licensed banks are required to adopt high standards of security, particularly for internet and mobile banking services, which include routine security reviews and advisories issued by Bank Negara Malaysia (BNM) to financial institutions.

KUALA LUMPUR, March 10 — A total of 98,607 online fraud cases involving losses totalling RM3.3 billion was reported nationwide from 2017 until 2021.