KUALA LUMPUR, Sept 26 — Global analytics software leader FICO in its latest global consumer fraud research, revealed the alarming attitudes toward first-party financial fraud...
‘Without fear or favour’: MACC denies claims of pressure to halt probe into individuals involved in a company’s share purchases
According to the research, more than half of Malaysians think it is acceptable or normal for people to exaggerate their income on loan applications, significantly more than the global average of 39 per cent. About a third of Malaysian consumers believe it is never acceptable to exaggerate income on a personal loan application, while another third find it acceptable under specific conditions.
Meanwhile, falsifying insurance claims is viewed as the most taboo form of fraud, according to the research, with close to half of Malaysian respondents believing it is not acceptable to exaggerate the value of stolen property or add false items to a claim.
Malaysians Financial Fraud Insurance Claims Exaggerate Income Personal Loan
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