According to data from financial institution Bank Negara, the number of people falling victims to online scams has decreased due to the fact that they became more aware of it.
Bank Negara assistant governor Abu Hassan Alshari Yahaya, cited by online media outlet The Star Online, has mentioned that the Association of Banks in Malaysia has launched an e-Banking fraud awareness campaign to raise public awareness of the online scams. Participating banks leverage on their respective online presence to reinforce the campaign through the use of their branch networks for display of posters and distribution of pamphlets.
The source also mentions that among the common tactics used by the fraudsters was advising bank customers to transfer their money to temporary accounts as their current accounts and personal information were suspected to have been used for illegal money transfers.
Online scams refer to credit card frauds and internet frauds such as “phishing” scams.
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