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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

CAAM confirms burst aircraft tyre incident at Sultan Abdul Halim Airport
New Perlis exco with just five members possible, says MB
Operations resume at Sultan Abdul Halim Airport
Streamlined Customs checks for departing travellers at KLIA T1 starting Jan 1
Ewon Benedick pays working visit to major solar plant
Warisan yet to decide if it will contest Lamag, Kinabatangan seats, says Shafie
Floods: Number of evacuees drops in Johor, Pahang; situation unchanged in Melaka
Investigation papers on Banting assault incident referred to AGC
M’sia opposes any move to relocate Palestinians to Somaliland, says PM
MBPP reviewing suitability of pet-friendly mall

Others Also Read