There's a sharp rise in Facebook, Instagram and WhatsApp scams in Malaysia. Loses due to scams on Meta platforms between Jan to May 2023 have reached nearly RM330 mil, which is 25% more than the entire 2022.
, Instagram and WhatsApp. This figure is based on reported losses between January to May 2023, and it represents an increase of 25% compared to the full year of 2022.
Fahmi has recently met up with Meta together with the Malaysian Communications and Multimedia Commission and the Royal Malaysia Police to discuss the rise of fraud, online gambling and content that touches on 3R . He said Meta has provided their commitment and readiness to work closely with the MCMC and PDRM to tackle cybercrimes.
As highlighted repeatedly, Meta has constantly failed to take proactive steps to tackle scam ads on its platform which could have been avoided if it conducted basic checks on new advertisers. Most reported scam ads take days or weeks to be taken down and this is due to a lack of a local moderation team based in Malaysia. Even Fahmi was also a victim of impersonation when his face was used for a scam investment ad.
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