KUALA LUMPUR, Aug 13 – The total value of online scams reported from 2021 until April 2024 is about RM3.81 billion, involving more than 95,800 people in Malaysia, Digital Minister Gobind Singh Deo, adding that numbers could be higher due to unreported cases.
“Cases related to phishing, fraud and scam have risen tremendously, as criminals take advantage of the shift towards remote work and causing this issue to become a post-pandemic problem experienced by most countries,” he said at the signing of memorandums of understanding (MoU) between Axiata, Cybersecurity Malaysia and Malaysia Digital Economy Corporation today.
Gobind said his ministry plans to formulate a policy on quantum technology to strengthen personal data protection. The ministry will also look at data holistically to improve cyberinfrastructure’s resilience.
“We will come up with something, hopefully by the end of this year, and currently, works are in progress. With the Cybersecurity Act and the amendments to the Personal Data Protection Bill tabled, this shows the ministry’s commitment towards protecting digital platforms in Malaysia.”
Axiata signed separate MoU with CyberSecurity Malaysia and MDEC to jointly cooperate on cybersecurity and enhance the nation’s digital resilience.
