
Online Scams Cost Malaysians RM1.2 Billion: A Wake-Up Call
In 2023, online scams Malaysia faced a massive hit, with Malaysians losing RM1.218 billion across 34,497 cases, including RM352.9 million from phone scams, per the Royal Malaysia Police (PDRM). Besides that, E-commerce fraud (33.2%) and investment scams (17.5%) led, with over 8,800 falling for fake online sellers by September 2023.