Digital Minister Gobind Singh has reported that Malaysia lost a total of 3.8 billion ringgit to online scams involving more than 98,000 people from 2021 to April 2024. With that, the government will be introducing new legislation to protect data whilst banks will be beefing up their account opening procedures. Raymond Ram, Certified Fraud Examiner and Anti-Money Laundering Specialist, Graymatter Forensic Advisory gives us an opinion if these measures will work.

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Produced by: Grace Tan

Presented by: Wong Shou Ning, Keith Kam, Shazana Mokhtar

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Categories:  technology,  government,  financial wellness

Tags:  personal data protection act 2010,  personal data protection,  quantum computing,