Protecting Malaysians From Scams Requires A Multiprong Approach

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

14-Aug-24 08:45

Protecting Malaysians From Scams Requires A Multiprong Approach

Pause
Embed

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.

Image Credit: shutterstock.com

Produced by: Grace Tan

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

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

Categories: technology, government, financial wellness

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

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Kiron Kesav, Chief Strategy Officer at PHD APAC, OMG Malaysia On how Key Opinion Leaders (KOLs) influence consumer trust, green marketing, and the rise of authenticity in sustainable fashion branding.

12:00 PM

BBC World Service

(REPEAT) This episode focuses on H5N1 bird flu cases with deaths rising sharply in Cambodia, raising concern among experts.

1:00 PM

A Bit of Culture

(REPEAT) This week, Kam Raslan, Sheryll Paul and Sudais Ferhard talk about fitness classes, actors speaking in foreign accents, and physical media.

2:00 PM

Ringgit & Sense

(REPEAT) Siew Yuen Tuck, CEO of Ringgitplus discusses the financial literacy and consumer behavior in Malaysia.

2:30 PM

The Property Show

(REPEAT) Cha-ly Koh, CEO of Urbanmetry, discusses how to design a walkable city and prioritise public transport under the KL Local Plan 2040.

3:00 PM

Best of The Bigger Picture

(REPEAT) We speak to Dr Peter Selzak about what being the descendant of holocaust survivors taught him about how to view the Zionist project of the State of Israel, how antisemitism is being weaponised by the right-wing and more.

4:00 PM

Best of Evening Edition

(REPEAT) This week on Good Things, we hear from Cikgu Rahayu about the fight to protect stateless children—and how Yayasan Chow Kit is helping them find a place to call home.

5:00 PM

BBC World Service

This episode of People Fixing The World invites us to rethink our ways of dealing with food waste, speaking to people who are trying alternative ways to tackle the problem.

PROGRAMMES