KUALA LUMPUR: Enhanced security controls enabled the banking industry to avert over RM399 million in attempted fraudulent transactions in 2024, Bank Negara Malaysia (BNM) said.
Such frauds include main scam cases reported to the Royal Malaysia Police (PDRM), namely telecommunication scams (31.6 per cent), e-commerce scams (30.6 per cent), loan scams (15.4 per cent), investment scams (13.9 per cent), love scams (3.9 per cent), and malware and phishing (4.7 per cent).
