BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

Raymon Ram, Certified Fraud Examiner and Anti-Money Laundering Specialist, Graymatter Forensic Advisory

12-Jun-24 12:00

Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

33,000 Malaysians lost RM1.3 billion lost to scams last year, and that’s only the number that was reported. With estimated that only 48% of cases are reported, Malaysians could have lost around RM2.6 billion last year (if we extrapolate).

Scams are back in the news following news last week that a senior citizen lost over RM4 million to an investment scam. We also saw two of national badminton stars share their own experiences of falling victim to investment scams, losing millions of their hard-earned savings. This highlights a continued and growing concern in Malaysia, with the National Scam Response Centre reporting losses totaling RM1.3 billion from 33,234 scam cases between January and December last year.

With this in mind, Enterprise Explores how to spot and avoid scams, as well as the rising trends in the world of scams with Raymon Ram, Certified Fraud Examiner and Anti-Money Laundering Specialist from Graymatter Forensic Advisory. Raymon will help us understand the tactics scammers use and how we can protect ourselves.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  managingfinancial wellness

Tags:  fraudinvestment scam syndicatescam tacticsfinancial knowledge





Play / Pause

Listen now : Enterprise Explores: Nigel Wong, President, The Malaysian Association of Tour & Travel...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tony Nash of Complete Intelligence tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Prof. Donald Leslie Baker from the University of British Columbia shares insights on South Korea’s future under new President Lee Jae-Myung.

7:45 AM

Morning Brief

TPr. Hj. Ihsan Zainal Mokhtar of IZM Consult discusses the vision behind and challenges ahead Malaysia’s ambitious AI-integrated township.

8:00 AM

The Breakfast Grille

Krishnaraj Tantri of Global Payments discusses how the company is capitalising on the growth of Asia's digital economies.

8:30 AM

Morning Brief

Michelle Leung, Bloomberg Intelligence shares insights on how Asian metal producers will respond to Trump's increased tariffs.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Tony Nash of Complete Intelligence tells us where international markets are heading.

9:15 AM

Opening Bell

Imran Yusof of MIDF reviews the first-quarter results season for Malaysian corporates.

9:35 AM

Ringgit & Sense

Robin Lee, former CFO of the World Gold Council tells us whether we should be investing in gold.

10:05 AM

Open For Business

Umar Munshi, Managing Partner of HASAN.VC

11:00 AM

Tech Talk

Adilah Junid, Director of Legal and Government Affairs at Microsoft Malaysia helps us unpack what’s in the works at Microsoft to tackle scams, the countermeasures that could work, and how consumers can stay one step ahead, considering the rise of AI-assisted scams.

12:00 PM

Enterprise Explores

Nigel Wong, President, The Malaysian Association of Tour & Travel Agents (MATTA)

1:00 PM

The Breakfast Grille Repeat

Krishnaraj Tantri of Global Payments discusses how the company is capitalising on the growth of Asia's digital economies.

2:05 PM

Discovery Hour

Is Malaysia doing everything it can, and should, in recruiting and retaining healthcare professionals?

3:05 PM

Beyond the Ballot Box

tbc

4:05 PM

Health & Living

How do you manage parental stress? Is self-care possible for today’s busy parents? We answer all your questions.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

8:00 PM

BBC World Service