KUALA LUMPUR: Bank Negara Malaysia (BNM) is working closely with Payments Network Malaysia Sdn Bhd (PayNet) and the financial industry to set up the N...
: Bank Negara Malaysia is working closely with Payments Network Malaysia Sdn Bhd and the financial industry to set up the National Fraud Portal, which is expected to be ready by the middle of next year.
“We hope that by doing this, we will increase the likelihood of tracing and freezing the fund, and protect the victims from losses,” he said after the media workshop and panel discussion on financial scams at Lanai Kijang today. Meanwhile, during the panel discussion session, BNM’s Technology Risk Specialist, Ng Lee See warned that globally, AI technology has been misused to digitally manipulate or generate fake visual and audio content of some well-known people rather convincingly.
At the same time, to combat AI-driven digital crimes, Ng said financial institutions must keep abreast with current events in terms of investment laws and cybersecurity operations.
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