Budget 2023: Mandatory kill-switch to curb online fraud, RM10mil allocated to bust scams


KUALA LUMPUR: The National Scam Response Centre (NSRC) has been allocated RM10mil to combat rising online fraud as 25,000 cases were recorded in 2022, costing RM850mil, says Datuk Seri Anwar Ibrahim.

The Prime Minister in tabling the revised Budget 2023 on Friday (Feb 24) said Bank Negara will require all banks to add a "kill switch" that will let account holders freeze their accounts when suspicious activity is detected.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Budget 2023 , online fraud , scams , Anwar Ibrahim

Next In Nation

Immigration raids in Kulai, Pontian nabs 37 foreigners for overstaying, violating passes
Poignant moment as King launches Tunku Laksamana Johor Cancer Centre
NSE diversions to facilitate Yong Peng-Senai route construction, say PLUS
‘Parliament will not be the same without him’ says Abdul Karim of Bung Moktar’s passing
Kedah MP arrested over alleged corruption in state-owned cattle project
Hajiji pays last respects to Bung Moktar
Sabah has lost 'a golden son', says former Chief Justice
Albert Tei rubbishes speculation on Dr M meet-up
Flood numbers drop in Perak, Perlis, up slightly in Selangor
Bung Moktar to be laid to rest at Kg Likas Muslim Cemetery after Friday prayers

Others Also Read