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Malaysians lose $201M to online scams in 5 months
Some RM830 million (US$201.7 million) has been lost to online fraud in Malaysia in the first five months of this year, according to the country's Ministry of Home Affairs. A person holds a credit card in front of a computer This follows a surge in scam losses from RM1.57 billion in 2024 to RM2.97 billion last year, the ministry said on Wednesday. Non-existent investment scams have consistently resulted in the highest losses, rising from RM848.62 million in 2024 to RM1.46 bill
Jun 281 min read
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