⚠ Breaking
PDRM: 5,000+ Macau Scam victims Q1 2025 · Fraud losses exceed RM1.2B in 2024 · New DuitNow phishing campaign targets Maybank users · BNM advisory on fake investment platforms · Love scam losses up 38% YoY · CCID Hotline: 997 · BNMTELELINK: 1-300-88-5465
PDRM: 5,000+ Macau Scam victims Q1 2025 · Fraud losses exceed RM1.2B in 2024 · New DuitNow phishing campaign targets Maybank users · BNM advisory on fake investment platforms · Love scam losses up 38% YoY · CCID Hotline: 997 · BNMTELELINK: 1-300-88-5465
🚨 Alert
New WhatsApp OTP interception campaign detected targeting Malaysian banks — Do NOT share OTP codes with anyone.
⚠ Critical Alert
Digital Banking Fraud
DuitNow Scam Wave: Over RM240 Million Lost as Fraudsters Exploit Instant Transfer Loopholes
A sophisticated wave of DuitNow fraud is sweeping Malaysia, with scammers impersonating bank officers to trick victims into authorising transfers. PDRM recorded 12,000+ complaints in Q1 2025 — a 67% surge year-on-year.
15 March 2025 · Source: PDRM CCID / BNM · 4 min read
💰
Investment Fraud
Fake Crypto Platforms Drain RM88M from Malaysian Retirees in 2024
Fraudulent apps using deepfake celebrity endorsements target elderly Malaysians in Selangor and Johor.
10 Mar 2025 · SC Malaysia
Social Engineering
Macau Scam Evolves: AI Voice Cloning Now Impersonates PDRM Officers
Syndicates deploy AI-generated voice calls convincingly mimicking police officers demanding bail payments from victims.
5 Mar 2025 · NACSA
Latest Alerts
🎣
Phishing
Maybank2u Phishing Site Compromises 3,200 Accounts in 48 Hours
A near-identical fake portal harvested banking credentials before being taken down by authorities.
18 Mar 2025
🛒
E-Commerce
Shopee & Lazada Seller Impersonation Scam — RM4.2M Lost in February
Fraudsters create near-identical seller profiles and divert payments to personal accounts. Recovery remains difficult.
12 Mar 2025
💬
Loan Fraud
WhatsApp Loan Sharks Pose as Licensed Moneylenders — BNM Warning
Illegal lenders charge rates up to 2,000% and use aggressive harassment tactics when payments are missed.
8 Mar 2025
Latest
📱
Banking
Android Malware Empties 880 Bank Accounts via WhatsApp Link
5 Mar 2025
Investment
SC Shuts Down 14 Fake Investment Platforms in February
2 Mar 2025
Romance
Love Scam Losses Hit RM180M in Q4 2024
28 Feb 2025
Fraud Statistics — Malaysia 2024
Total Cases
47,820
↑ 38.2% from 2023
Financial Loss
RM1.2B
↑ 52.4% from 2023
Digital Payment Fraud
62%
of all fraud cases
Avg Loss Per Victim
RM25K
↑ 10.3% from 2023
Monthly Fraud Cases 2024
Case Studies
01
Macau Scam · Selangor · 2024
Retired Teacher Loses RM340,000 Life Savings After "PDRM" Phone Call
A 63-year-old teacher in Shah Alam was deceived over 14 days by a syndicate posing as police officers, convinced she was under money laundering investigation.
Macau ScamPhone FraudElderly Victim
RM340KTotal Loss
02
Love Scam · Kuala Lumpur · 2024
IT Professional Loses RM520K in 12-Month Online Romance and Crypto Scheme
A 38-year-old IT executive was groomed over 12 months via a dating app before cryptocurrency investment opportunities were introduced, leading to escalating transfers.
Love ScamCrypto FraudPig Butchering
RM520KTotal Loss
03
Banking Trojan · Nationwide · 2024
Android Malware via WhatsApp Food Delivery Link Drains 880 Bank Accounts
A malicious APK disguised as a food delivery app spread via WhatsApp, silently capturing OTP codes and banking credentials in the background.
MalwareAndroid APKOTP Theft
RM2.1MTotal Loss
Banking Fraud
Banking fraud intelligence content coming soon. Check back regularly for the latest updates.
About FraudWatch Malaysia
FraudWatch Malaysia is an independent fraud intelligence bulletin dedicated to tracking digital payment scams, financial crime trends, and fraud resilience in Malaysia's banking ecosystem.
Our mission is simple — to make fraud intelligence accessible to every Malaysian. We publish plain-language fraud alerts, real-world case studies, and data-driven analysis drawn from publicly available sources including Bank Negara Malaysia, PDRM, the Securities Commission, and NACSA.
FraudWatch Malaysia is an independent doctoral research initiative focused on Financial Crime Management and Digital Payment Fraud Resilience. All content is for educational and awareness purposes only.