Array
(
    [_edit_lock] => Array
        (
            [0] => 1693914606:21
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_edit_last] => Array
        (
            [0] => 21
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:2:{s:14:"td_primary_cat";s:3:"599";s:11:"td_subtitle";s:107:"The portal aims to automate and enhance the ability to trace fund movements as well as identify money mules";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Bank Negara Malaysia (BNM) is working closely with Payments Network Malaysia Sdn Bhd (PayNet) and the financial industry to set up the National Fraud Portal, which is expected to be ready by the middle of next year. 
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 30
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [_thumbnail_id] => Array
        (
            [0] => 110619
        )

    [post_views_count] => Array
        (
            [0] => 410
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:3:{s:4:"date";s:10:"1752037388";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:5;i:1;}}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 2
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1752037388
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
National Fraud Portal to be ready by mid-2024: BNM | Scoop
The financial institution hopes the portal will help Malaysians stay ahead of ever complicating and advanced financial crimes. – Wikipedia pic, September 5, 2023
News

National Fraud Portal to be ready by mid-2024: BNM

The portal aims to automate and enhance the ability to trace fund movements as well as identify money mules

Bernama
Updated
7:50 PM MYT

 

KUALA LUMPUR – Bank Negara Malaysia (BNM) is working closely with Payments Network Malaysia Sdn Bhd (PayNet) and the financial industry to set up the National Fraud Portal, which is expected to be ready by the middle of next year. 

BNM deputy governor Datuk Marzunisham Omar said the portal aims to automate and enhance the ability to trace fund movements as well as identify money mules.

“BNM is working with the financial industry and PayNet to improve the National Scam Response Centre by automating the process of detecting and tracing the movement of funds stolen from financial scam victims. 

“We hope that by doing this, we will increase the likelihood of tracing and freezing the fund, and protect the victims from losses,” he said after the media workshop and panel discussion on financial scams at Lanai Kijang today. 

Marzunisham noted that the rapid evolution of technology offers many benefits to the financial industry and consumers alike, but it has also led to the rise of artificial intelligence (AI) powered scams. 

“This is something that we have to guard against, we don’t want to underestimate the scammers as they would use various modus operandi to scam the people,” he said.

Meanwhile, during the panel discussion session, BNM’s Technology Risk Specialist, Ng Lee See warned that globally, AI technology has been misused to digitally manipulate or generate fake visual and audio content of some well-known people rather convincingly.

In some instances, it has led victims to believe that an investment scheme is genuine, therefore it is important that the public be made aware of scammer’s tactics, and to always check investment scheme licences prior to making investments, she said.

She said members of the public could refer to the Securities Commission’s website to see the list of companies or individuals licensed to carry out financial planning or investment services, as well as BNM’s website to see the list of individuals or entities regulated by the central bank.

She noted that the banking industry has done pretty well in terms of detecting scams using the Android Package Kit (APK), which has led to a decline in such cases.

“However, scammers are always changing their tactics, and scams are becoming more sophisticated and complex,” said Ng. – September 5, 2023

Topics

 

◉ Popular

E-hailing driver lured to palm plantation before being murdered, prosecution reveals

The prosecution in the trial of six policemen and a civilian who are charged with killing an e-hailing driver will adduce to show that the murder took place on January 13, 2023, where the deceased was lured out of a hotel in Tawau and ordered to drive with others in a car to an oil palm plantation where he was killed.

Gobind calls for new laws to hold platform owners responsible after Esha’s tragic death

Minister emphasises urgency of addressing cyberbullying, stressing need for immediate and firm action in such cases

Pengusaha bas ekspres, berilah kami diskaun atau harga khas: Pelajar IPT

Para pelajar IPT berkata permintaan mereka wajar dipertimbangkan kerana mereka antara yang paling banyak menggunakan perkhidmatan bas ekspres

◉ Related

Copyright © 2023. All rights reserved.