Hundreds of thousands of ringgit lost in online banking thefts

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Hundreds of thousands of ringgit lost in online banking thefts
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Even if all security control measures are put in place, attackers can still find weak spots or flaws. theSun theSundaily Banking scammer Malaysia Police fraud Finance

Scammers are constantly devising new ways to defraud the public and the modus operandi changes over time. – BernamapicMalaysians are losing hundreds of thousands of ringgit via fraudulent Facebook advertisements, with victims being in the dark until they receive online banking notifications.

“Human factors such as the lack of awareness and mistakes can be associated with these incidents. Factors involving technology that can lead to people falling for online fraud include system vulnerabilities and inefficient countermeasures. “If an offer lucrative and monetary returns, an individual may lose his common sense. People reply to phishing e-mails or clickbaits and share their user credentials with attackers”.

“Another possible solution is to use security software such as anti-virus, fraud detection or prevention software. “If you fall victim to online banking fraud or mule scams, call your bank immediately, or the National Scam Response Centre at 997 between 8am and 8pm for assistance. Next, lodge a report with the police to facilitate investigations.

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