Nearly RM2bil lost to online scams since 2021, says CCID chief

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Nearly RM2bil lost to online scams since 2021, says CCID chief
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THE doors to Pavilion Damansara Heights Mall open this week, with its first phase ushering in a new era of shopping and entertainment in Kuala Lumpur.

KUALA LUMPUR: Close to RM2bil has been lost to online scams since 2021 with losses from this January to September already exceeding each of the previous years, says Comm Datuk Seri Ramli Mohamed Yoosuf losses reached RM684.5mil," the Bukit Aman Commercial Crime Investigation Department director told a press conference here on Thursday .Comm Ramli said up to September this year, police had already recorded 19,220 cases involving RM687.6mil in losses.

"Online scams are categorised as ecommerce, investment, loan, phone, business email compromise and SMS scams. "Where is the logic? If such offers are true, there is no need for a banking system or legitimate investment houses."Scammers often use a successful return on investment case to bait victims. It may happen but only once, the victims stand to lose much more.

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