Bank Negara reports 58pc reduction in online banking fraud reports, says governor

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Bank Negara reports 58pc reduction in online banking fraud reports, says governor
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KUALA LUMPUR, Oct 3 — Bank Negara Malaysia (BNM) has today announced a 58 per cent reduction in unauthorised online banking transactions reported to the National Scam Response...

Bank Negara Malaysia governor Datuk Abdul Rasheed Ghaffour says the reduction is due to the implementation of the central bank’s five key measures to combat financial fraud in December 2022. ― Picture by Hari AnggaraKUALA LUMPUR, Oct 3 — Bank Negara Malaysia has today announced a 58 per cent reduction in unauthorised online banking transactions reported to the National Scam Response Centre over the past five months.

The central bank's governor Datuk Shaik Abdul Rasheed Abdul Ghaffour said the reduction was due to the implementation of BNM’s five key measures to combat financial fraud in December 2022. “These early signs are very encouraging, and we anticipate further reductions in the future,” he said at the launch of #jangankenascam National Scam Awareness Campaign at the Kuala Lumpur Convention Centre here.

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