Bank Negara Governor Tan Sri Nor Shamsiah Mohd Yunusin in her keynote address at the International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 said Malaysian is not spared from the growing threat of financial crimes. As indicated in the National Risk Assessment 2020, fraud, the country endured higher number of cases and losses suffered compared to the previous assessment conducted in 2017. More than 20,000 cybercrimes were reported in 2021 alone, involving losses of RM560 million. Between 2017 to July 2021, Malaysians suffered losses of about RM2.23 billion on account of cybercrimes. As more people switch to mobile phones for online transactions, we are also seeing an increase in online banking fraud incidents involving mobile malware.
Malaysia Loses RM2.23 Billion To Cybercrime
Malaysia Loses RM2.23 Billion To Cybercrime
Malaysia Loses RM2.23 Billion To Cybercrime
Bank Negara Governor Tan Sri Nor Shamsiah Mohd Yunusin in her keynote address at the International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 said Malaysian is not spared from the growing threat of financial crimes. As indicated in the National Risk Assessment 2020, fraud, the country endured higher number of cases and losses suffered compared to the previous assessment conducted in 2017. More than 20,000 cybercrimes were reported in 2021 alone, involving losses of RM560 million. Between 2017 to July 2021, Malaysians suffered losses of about RM2.23 billion on account of cybercrimes. As more people switch to mobile phones for online transactions, we are also seeing an increase in online banking fraud incidents involving mobile malware.