According to PWC’s 2020 Global Economic Crime and Fraud Survey, 43% of Malaysian companies experienced economic crime in 2019, up from 28% in 2016.
According to New Straits Times, RM67.6 million was lost to cyber-crimes in the first quarter of 2019 alone.
There are many forms of fraud, scams and financial theft. Three of the most common forms include:
According to KPMG's Global Banking Fraud Survey in 2019 [@KPMG global banking fraud survey], 61% of banks surveyed reported an increase in financial fraud – in value and volume – over the past three years.
There is plenty of advice online about how to spot a scam or fraud, and what action you should take if you are a victim of fraud.
There are several simple precautions you can take to avoid becoming a victim of a scam or fraud: