KUALA LUMPUR: The National Fraud Portal (NFP) has reduced the time required to trace funds by 75% to just 30 minutes and increased the amount of froze...
: The National Fraud Portal has reduced the time required to trace funds by 75% to just 30 minutes and increased the amount of frozen funds by 28% since its launch in April 2024, according to Deputy Finance Minister Lim Hui Ying.
“Through the NFP, the operations of the National Scam Response Centre are now equipped with comprehensive automation capabilities to manage fraud reports, verify and trace stolen funds, and enable early warning sharing among financial institutions so that swift action can be taken. She was replying to a question from Chiew Choon Man , who asked about the measures taken by Bank Negara Malaysia to enhance security against fraud, including attacks by third-party devices.
She said that control measures implemented since September 2022 have had a positive impact, with financial institutions blocking unauthorised and suspicious transactions worth RM383 million in 2023.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2025: National Fraud Response Center Allocated RM20 Million To Combat Online ScamsRM10 million was also allocated to NACSA in an effort to fortify cyber security in the country.
Read more »
Study reveals Malaysians more open to inflating income on loan applicationsKUALA LUMPUR, Sept 26 — Global analytics software leader FICO in its latest global consumer fraud research, revealed the alarming attitudes toward first-party financial fraud...
Read more »
Retired teacher loses over RM200,000 in phone scamKUALA TERENGGANU: A retired teacher lost RM201,900 after being deceived by a fraud syndicate through a phone scam. Kuala Terengganu district police ch...
Read more »
Missing Boys Found Injured After Escaping Tahfiz Centre in Kuala LumpurFour boys reported missing from a religious school (Tahfiz Darun Quran Ittifaqiyah Centre) in Kuala Lumpur were found injured. Police are investigating whether the injuries occurred at the centre, as the boys admitted to running away due to unbearable conditions but their statements need corroboration. Investigations under child protection and sexual crime laws are underway.
Read more »
Floods: Over 100 Kuala Kedah homes hit by high tide phenomenonSouth Korea is Asia’s best spot for a foodie holiday, according to a survey.
Read more »
Illegal Parked Car Owner Issued Summons In Kuala LumpurThe owner of a car illegally parked on Jalan Sultan has been issued a summons by city traffic police after a viral video of the incident. The department emphasized their commitment to enforcing road laws and urged drivers to be more responsible.
Read more »