A total of RM3.2bil has been lost to online scams between 2020 and 2023, says Deputy Minister in the Prime Minister's Department (Law and Institutional Reforms) M. Kulasegaran.
Speaking in the Dewan Rakyat on Monday (March 4), he said that this involves 107,716 cases, and added that comprehensive action is being taken by the government to tackle the issue.
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Speaking in the Dewan Rakyat on Monday (March 4), he said that this involves 107,716 cases, and added that comprehensive action is being taken by the government to tackle the issue.
Read more at https://tinyurl.com/549dywmx
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00 [President of Indonesia] "For your information, the number of fraud cases on the internet and the value involved throughout 2020-2023 is 107,716 cases, resulting in a loss of RM 3.2 billion.
00:22 The government does not underestimate the issue of online scams and the actions taken by the government in this regard are as follows.
00:35 The National Scam Response Centre (NSRC) established on 22 October is a central response centre that can be contacted by calling 997,
00:55 and it collects resources and expertise from the Malaysian Police, the Malaysian State Bank, Surunjaya Communications and Multimedia,
01:05 and the National Anti-Financial Crime Centre (NFCC) and is supported by the Ministry of Finance and the Telecommunications Corporation.
01:16 In general, the function of the NSRC is to take comprehensive enforcement measures to address fraud, money laundering, including a sharp response in tracking funds,
01:32 efforts to detain some of the flow and loss of fraud, including a sharp response in the main and those directly or indirectly involved in this crime.
01:51 The NSRC's effectiveness lies in its operative characteristics, namely, it enables fraudsters to file a complaint easily by dialing 997.
02:08 If the victim's complaint is accepted, the NSRC, which is also supported by the Ministry of Finance, is able to track the victim's financial status.
02:19 If the victim's money is detected, it is still in the system of banking, the fraud can be carried out.
02:29 This kind of fraud can prevent the money laundering of the victim and give the victim a chance to get the money back.
02:39 In addition, the NSRC, through the National Anti-Financial Crime Centre and supported by the telecommunications industry,
02:47 is able to identify the telephone numbers used in the fraud.
02:54 The number of telephone calls will be taken away.
03:00 As of January 2024, 131 telephone calls have been terminated due to fraud activities and 93 telephone calls suspected of being terminated.
03:13 The number of accounts and telephones that are terminated will also be recorded in the PDRM's Mule system as references and guidance
03:25 that enables fraudsters to file fraud before they continue their financial transactions.
03:31 The Government is currently in the process of drafting a new document that includes a resolution in connection with the Kill Switch method and enforcement
03:45 to increase digital security with the permission of Digital Safety, in a clear and concise manner,
03:52 in line with the need for time and technology development, such as artificial intelligence and the increasing cyber crime cases.
04:04 In addition, the Government is also conducting research through agencies that are subject to several law regulations,
04:13 such as the Prohibition of Haram Money Transaction, Prohibition of National Payment and the Prohibition of Haram Activity 2001,
04:24 Act 613, the Penal Code and the Constitution for the Reimbursement of Full Money to Victims.
04:34 Thank you, sir.
04:35 [END]