There are 41 news based on search keyword "scams"

Malaysia's New NS2.0 To Take Sharper Approach Addressing Current Realities, Preparing Future Needs -- BNM

KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia's new National Strategy for Financial Literacy (NS2.0) will take a sharper, more inclusive and action-oriented approach to address today’s realities while preparing for future needs.

Telcos Launch Federated Number Verification API For Banks, Online Retailers To Combat Fraud

KUALA LUMPUR, Sept 23 (Bernama) -- CelcomDigi Bhd, Maxis Bhd, U Mobile Sdn Bhd, Telekom Malaysia Bhd (TM) and YTL Communications Sdn Bhd today announced plans to provide banks and online retailers with federated access to the Number Verification application programming interface (API) to combat fraud and digital identity theft.

AI-Enhanced Scam Risks Escalate, Key Sectors Urged To Boost Defences – Fortinet

By Anas Abu Hassan

KUALA LUMPUR, Sept 16 (Bernama) -- Artificial intelligence (AI)-generated scams are fast emerging as a significant cybersecurity threat in Malaysia, with financial institutions, government agencies, small and medium-sized enterprises (SMEs), and retail sectors among the most exposed, according to cybersecurity firm Fortinet.

PayNet Explores Federated AI Model To Bolster Fraud Detection In Digital Payments

KUALA LUMPUR, Sept 8 (Bernama) -- Payments Network Malaysia Sdn Bhd (PayNet) is exploring the development of a federated artificial intelligence (AI) model, tentatively called FinancialGPT, to enhance fraud detection and strengthen security in digital payments.

Bank Muamalat And Takaful Malaysia Introduce Malaysia’s First Cyber Takaful Protection

KUALA LUMPUR, Aug 4 (Bernama) -- Bank Muamalat Malaysia Bhd, in a strategic collaboration with Syarikat Takaful Malaysia Am Bhd (Takaful Malaysia Am), have introduced Malaysia’s first Cyber Takaful Protection available from as low as RM14.80 per year.

No Application Required For SARA Aid, 'SARA Assistance For All' Message Is False -- MOF

KUALA LUMPUR, July 24 (Bernama) --  The Ministry of Finance (MOF) has stated that no application is required for the ‘Sumbangan Asas Rahmah’ (SARA) assistance and emphasised that the circulating message about "SARA for all" assistance is false.

mySalam Receives MBOR Recognition For Longest Financial Literacy Livestream

TAWAU, July 6 (Bernama) -- mySalam, the national takaful protection scheme managed by Great Eastern Takaful Berhad, has earned recognition from the Malaysia Book of Records (MBOR) for successfully hosting the longest non-stop financial literacy livestream via TikTok LIVE.

Lessons On Insurance To Be Learnt From USJ Putra Heights Gas Pipeline Explosion

KUALA LUMPUR, June 25 (Bernama) -- It’s been about three months since the devastating gas pipeline explosion and fire at USJ Putra Heights. Fortunately, there were no fatalities. It shocked Malaysians. Questions are still being asked as to the compensation for damages to houses, properties, possessions and injuries sustained.

TNG Digital Rolls Out Digital Payment Tools To Support Micro And Small Businesses

KUALA LUMPUR, June 19 (Bernama) -- TNG Digital Sdn Bhd is broadening its support for micro and small enterprises, particularly independent traders operating at markets, food stalls and public spaces, by offering accessible and easy-to-use digital payment tools.

Malaysian Fraud Prevention In Focus As Provenir Leads Panel On Digital Authentication 

KUALA LUMPUR, June 16 (Bernama) -- Malaysia has recorded RM54.02 billion in losses due to financial scams, highlighting the urgent need for more robust fraud prevention measures as financial crimes become increasingly sophisticated.

Scams, Trust Issues Plague Secondhand Motorcycle Market In Malaysia

By Abdul Hamid A Rahman

KUALA LUMPUR, June 3 (Bernama) -- Malaysia’s secondhand motorcycle market continues to grapple with trust issues as buyers face growing risks of fraud and a lack of transparency in transactions.

Not All QR Codes Are Safe, Kaspersky Warns

SINGAPORE, April 25 (Bernama) – The usage of quick response (QR) codes among Malaysians has become the new normal — from banking services and exchanging contacts to ordering food.