Building Resilience against Scams and Fraud: Spotlight on Malaysia

BackgroundOnline scams in Malaysia have surged alarmingly in both complexity and frequency, creating serious challenges for individuals, businesses, and regulatory bodies. The financial impact is staggering – between 2021 and April 2024, more than US$708 million (RM3.18 billion) was lost to online scams, affecting over 95,800 victims. According to the State of Scam Report 2024…

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