It’s a scammer’s paradise

INVESTMENT scams are nothing new in today’s digital age. In the first half of 2025, Malaysians lost RM750mil to scams, with total losses over the past five years reaching RM11.2bil. These figures only account for reported cases – if unreported cases were included, the numbers would be significantly higher.

Scams were much less common before online banking and mobile apps because they had to be done in person.