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Showing posts with label Scams. Show all posts
Showing posts with label Scams. Show all posts

Tuesday 12 December 2023

Boom time for Malaysian AI


PETALING JAYA: Artificial intelligence (AI) is set to be the next growth engine for the technology sector.

Stocks linked to this sub-segment of the tech space have seen strong gains this year.

Analysts believe the run has further legs to go with companies such as Nvidia Corp, Advanced Micro Devices and their related branded manufacturers in Taiwan such as Asustek Computer Inc gaining strong interest of late.

AI requires computing power that is used by graphics processing unit (GPU) in computers and they are the key to the training of neural networks, the enabler of AI.

Apart from powering computer games and graphics/video-intensive computers, GPUs help quicken the training of neural networks which are a key component of many algorithms enabling AI.

The two main GPU designers and makers in the world are Nvidia and AMD.

It appears that tech stocks on Bursa Malaysia have not caught up with the strong rally in the United States as the surge in interest since late last year are limited to makers of GPUs and their related companies.

There was much buzz last week on the local tech space with Nvidia founder and chief executive officer Jensen Huang dropping by several countries in the region including Malaysia to announce business ventures.

For Malaysia, Nvidia last Friday announced a data centre partnership and it also announced last Sunday it will set up a manufacturing base in Vietnam.

YTL Power International Bhdannounced a collaboration with Nvidia to deploy AI infrastructure with Nvidia H100 Tensor Core GPUs at its YTL Green Data Centre Park in Kulai, Johor.

YTL Power’s share price received a boost with this development and saw gains of almost 15% last week alone. The company is now considered an AI-linked firm by market players with this partnership.

SPI Asset Management managing partner Stephen Innes said the surge in share prices of AI-linked companies is just the beginning and investors have not fully digested the strong upside prospects of this latest development in the tech space.

“We are only seeing the tip of the iceberg on a decade-long transition to AI.

“Right now, most of the focus is on the companies making the tools necessary to power the AI revolution that appears to be fast descending upon businesses and, eventually, the broader economy,” Innes told StarBiz.“In the immediate sense, such a build phase may also benefit the ‘shovel providers’ of this ‘gold rush’ – the companies that provide the computing power and tools necessary to build the models needed to compete.

“For this year, at least, Nvidia has stood out as that hardware store on the prospecting hill,” he added.

Innes expects Nvidia will continue to trend higher and be trading at US$600 per share next year and over US$1000 in the longer term.

High-net-worth investor and former investment banker Ian Yoong Kah Yin said investor interest in the domestic tech sector will be AI-driven, moving forward.

“The listed companies in this space are YTL Power, ITMAX System Bhd and Straits Energy Resources Bhd YTL Corp and YTL Power, its subsidiary, are in data centres.

“ITMAX is in video surveillance and analytics. Straits Energy is into oil bunkering, telecommunications solutions and AI-enabling services,” Yoong told StarBiz.YTL, YTL Power, ITMAX and Straits Energy are trading at financial year 2024 price-to-earnings ratio (PER) of 10, 8, 19 and 10 times, respectively, he noted.

Meanwhile, Yoong said the wider local tech space on Bursa Malaysia is expected to remain in the doldrums in the first half of 2024, with recovery seen earliest in the second half of next year.

“The Bursa Malaysia Technology index currently commands an above-average valuation, with a forward PER multiples of 25 times. The historical average PER is 21 times.

“The semiconductor-based sub-sector is expected to report weak earnings in the next two to three quarters,” Yoong added.

Commenting on tech stocks’ performance on Bursa Malaysia, Rakuten Trade head of equity sales Vincent Lau said many Malaysian tech stocks appear to be stuck in a trading range.

“Fund managers are staying on the sidelines and I think they need to see fourth-quarter numbers first.

“Ours are lagging behind and only in the United States it seems to be doing well. Even in Hong Kong the tech sector is struggling,” Lau told StarBiz.However, a tech recovery is still on track and the fourth quarter might be supported by restocking activities.

He said how strong will the recovery be is still the main question.

“But in the AI space, it still has some legs to run while for electric vehicles, it continues to be another growth sector,” Lau said.

“We may be at a short-term bottom now, as I think it will be quite a firm recovery moving into 2024. We may be at an inflection point.”

On YTL Power-Nvidia partnership, RHB Research said it has a long-term positive view on this development.

“The project may also boost its data centre take-up rate in Johor.

“YTL Power’s earnings growth should strengthen upon the successful delivery of the project delivery in the long run but investors ought to take note that additional capital expenditure requirements ahead could be rather intensive,” it said in a note.


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Wednesday 4 October 2023

EXCLUSIVE On top of the scams list

 


Ecommerce fraud cases outnumber those of investments and loans

KUALA LUMPUR: When Covid-19 struck in early 2020 and millions of people were stuck at home with nowhere to go, online shopping started picking up and not long after, so did ecommerce scams.

According to the Bukit Aman Commercial Crime Investigation Department (CCID), over RM305.94mil was lost to ecommerce scams between 2021 and August 2023.

Its director Comm Datuk Seri Ramli Mohamed Yoosuf (pic) told The Star that over the last three years, his department had observed that ecommerce scams were becoming more prevalent nationwide.

Ecommerce scams refer to fraudulent online shopping offers and tend to feature “sellers” offering bogus items either on online purchasing platforms or via social media platforms.

In most cases, the seller disappears without a trace once they receive payment from their victims.

“In terms of cases being reported, ecommerce has topped the charts since 2021 with 9,499 cases recorded that year, 9,253 cases in 2022 and 7,911 cases between January and August this year,” said Comm Ramli.

“The top three types of scams reported are ecommerce scams, bogus loans and investment scams.

“Based on our statistics, cases of ecommerce scams reported greatly outnumber the other two types.

“In the past three years, 26,663 ecommerce scam cases were reported between January 2021 and August 2023 compared with 10,759 loan scams and 9,640 investment scams reported over the same period.”

ALSO READ: Only use trusted websites, says victim

He added that while losses from ecommerce scams had been on the rise since 2021, the biggest increase was seen this year with RM144.82mil in losses recorded between January and August.

“The year has not even ended yet and already we have recorded a RM56.73mil increase in losses compared with the RM88.09mil recorded in 2022. In 2021, we recorded RM73.02mil in losses,” he said.

He added that between January and August this year, police arrested 3,659 suspects in connection with ecommerce scams.

Comm Ramli said cheating cases were becoming more challenging to curb, as technology had allowed scammers to go online.

“There is no more face-to-face between the victim and the perpetrator when it comes to online scams, which makes it tough for suspects to be identified and brought to justice.

ALSO READ: Move to beef up scam response centre

“There is room for us to improve ourselves. As online scams increase, we need to better equip ourselves with new laws that are more relevant to combat such scams,” he said, adding that he welcomed a multi-agency approach to tackle these new forms of crime.

When asked if the police were beefing up their strategies and equipment to combat scam syndicates, Comm Ramli said they were working with other agencies such as the Malaysian Communications and Multimedia Commission as well as Bank Negara Malaysia.

“As criminals evolve, we, too, have to evolve in order to stay one step ahead of them. I will not elaborate on our strategies as it may open the door to the scam syndicates to alter their modus operandi, but rest assured that we are doing our part to fight them head to head.

“We are also part of the National Scam Response Centre (NSRC) and I must say that in terms of efficiency, it is quite effective,” he said.

He said anyone who feared that they have been scammed can contact the NSRC at 997 and action would be taken immediately.

Comm Ramli said there were some procedural matters being tweaked in order to make their efforts more proactive.

He added that their main aim was to retrieve the money for the victims.

  Source link

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'CLICK TO ENLARGE''CLICK TO ENLARGE'

Move to beef up scam response centre

Over 3,000 scam cases recorded in Johor so far, say cops

155 people nabbed in raids on scam call centres

Seized: Comm Allaudeen speaking during the press conference at the KL police headquarters. — AZMAN GHANI/The Star

KL cops nab 155, bust eight scam call centres since Sept 4



Wednesday 22 February 2023

Don’t click that link, check before clinking link, victims can call 997, the National Scam Response Centre (NSRC) for help

Beware links asking for banking details, it's likely a scam, say cops.

With online businesses on the rise, the scammers are getting more sophisticated. All it takes is for a user to click a link, and thousands could be stolen in the blink of an eye. Malaysians have already lost almost Rm40mil since October last year.

Clicking on one link cost one man RM10,000.

In December last year, Michael (not his real name) received a notification on his phone telling him to change his banking account password.

Thinking it was a good idea to keep his account secure, Michael clicked on the accompanying link and filled in his banking details, including a new password.

But the notification was fake and the link exposed Michael’s account to scammers.

“Nothing seemed out of the ordinary as the message looked authentic. Clicking the link redirected me to [what seemed to be] the bank’s site and I went on without suspecting anything amiss.

“Several hours later, I noticed the money was gone and knew I had been scammed,” he said, adding that he has since lodged a report with the bank.

While the Macau scam famously has crooks posing as government officers and telling victims that money needs to be urgently transferred to avoid legal action, this technique fools people with fake links and apps, say cybersecurity experts.

The tactic is to offer lucrative deals on high-demand products with one condition: the buyer has to conduct the transaction through an app or link sent by the scammer to the victim’s device; this then allows scammers to obtain personal banking details.

Known as a phishing attack, the technique goes back to the 1990s and the early days of the Internet.

In January, a 55-year-old vocational training officer in Pahang was cheated of RM23,514.70 by a scammer impersonating an NFC (near-field communication) card sales agent.

NFC cards allow wireless transactions and are becoming very popular, especially for toll payments.

Exploiting the surge in demand for such cards, one syndicate advertised on Facebook offering “Nfccapable enhanced cards” in a family package of four cards for just RM32, and the training officer fell for the “too good to be true” deal.

With cashless transactions increasing by the minute and becoming more prevalent, banks are issuing scam alerts on their websites, through newsletters and even text messages, advising customers to be extra cautious when conducting such business as they leave themselves open to phishing attempts.

Phishing is a process where scamsters trick users into divulging personal information such as passwords or credit card details to gain access to users’ online banking accounts.

The message from banks is crystal clear: never trust phone calls or messages requesting personal details, and never click email links to fill up forms.

Fong Choong Fook, executive chairman of cybersecurity testing firm LGMS Bhd, said scammers now capitalise on “market demand” and advertise everything from maid cleaning services and food products to the latest tech gadget, among others.

“The type of product or service offered also changes depending on market demand. These products or services are usually sold in bulk as it allows the scammer to make more money,” he said.

Fong said the scammers ask the interested party to either install an app or click the link sent to make payments.

“This acts as a trojan horse to capture the consumer’s banking details, which is where the nightmare begins.

“The best way a person can avoid being scammed like this is to not download any apps or click any links sent directly from non-trusted sources,” he said.

He added that reclaiming money from scams is very difficult as it would usually be transferred very quickly through multiple accounts with scammers on standby to withdraw the sum at ATMS.

“Today, however, the government has set up a countermeasure through the National Scam Response Centre (NSRC) which serves as the last line of defence for victims.

The task force behind the hotline can also take the necessary actions to help victims,” he said.

The NSRC’S emergency response number is 997.

Cybersecurity expert Assoc Prof Dr Selvakumar Manickam from Universiti Sains Malaysia said cashless transaction scams have increased as adoption of such payment methods increased amid the Covid-19 pandemic that began in 2020.

Scammers can easily create fraudulent websites that look identical to authentic banking sites to dupe unsuspecting victims.

“The interface will look authentic and request users to insert their credentials to log in, as done on authentic sites,” he said.

He advised consumers to never click on links sent to their devices regardless of whether they are sent from authentic sources.

“Always access the site either through your browser or official app to ensure your security,” he said.

He also advised users to refrain from connecting to infrastructure such as public Wifi or computers as it could lead to hacking as well.

“If you’re constantly performing transactions through these banking sites, make it a habit to change your password every six months as a precautionary measure,” said Selvakumar.

A financial crime investigator at a public listed bank who spoke anonymously said scammers are extremely coordinated.

“Large amounts of even up to RM100,000 can disappear within minutes as the money is diverted through several intermediary accounts, making the trail difficult to trace.

“Scammers will also change your banking details such as passwords, transaction limits and linked-handphone numbers, leaving the victim unaware of what is happening.

“They also usually work in large groups with everyone on standby once a victim is identified,” he said.

He added that the obvious signs of such scams are that banks or officers would never call from mobile lines, adding that they would also never transfer the line to “law enforcement officers”.

“It’s best to just hang up on the call, and report it to the banks or NSRC if you encounter such situations,” he said. 

 by GERARD GIMINO and MAHADHIR MONIHULDIN 

 

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 #Windows10 #InternetSafety #OnlineSafety

The Internet can be a bad place, and not all websites are safe. Things may not always be what they seem, and it is, therefore, imperative that you take some basic precautions before you click on any hyperlink or URL. This beginner’s guide talks of the basic precautions one should take before clicking on web links, URLs or hyperlinks.

If you have noticed, when you are reading a web page, you will often see links as, for instance – TheWindowsClub or simply as www.thewindowsclub.com. Most of you may click on such links without a second thought. In either of these two cases, you will be taken to the genuine URL or website which is  https://www.thewindowsclub.com.

But you need to be careful as the displayed text or the hyperlink can be misleading. To give you an example, if you were to click on TheWindowsClub.com now, you could be taken to another link – in this case our own sub-domain. Or you could click on a different displayed link text like say Windows 10 and still be taken to www.thewindowsclub.com. Then again, you may see news.thewindowsclub.com but be taken to www.thewindowsclub.com.

The point that I am trying to make is that don’t take things at face value.

So to confirm that a link is safe or not, what you need to do, is move your mouse pointer and hover it over the link.

Read more on https://www.thewindowsclub.com/precau.

#OnlineSafety #InternetSafety #Windows10

Saturday 28 May 2022

LETHAL LURE OF JOBS ABROAD, Baited and trapped

Malaysians fail for offers of lucrative jobs overseas only to end up scrammed 

Families seek help from authorities to rescue job scam victims abroad

 

KUALA LUMPUR: Desperate for work after the Covid-19 pandemic left them jobless, hundreds of Malaysians pounced on offers of high-paying jobs abroad when borders reopened.

They were in for an ugly surprise.

They soon found out they had become victims of job scams and, with their travel documents taken away, are now stranded in several Indochinese countries.

Police said initial investigations showed the scams are run by human trafficking syndicates in Laos, Cambodia and Myanmar.

Bukit Aman CID director Comm Datuk Seri Abd Jalil Hassan (pic) told The Star that 115 Malaysians were still stranded in these countries, desperate to return home.

Statistics from the federal police showed as at May 23, 100 men and 15 women aged between 17 and 41, were still stuck in various countries including Cambodia, Myanmar and Laos.

“We have received a total of 110 police reports on Malaysians stranded abroad after being victims of job scams.

“We believe the victims have been stranded there for at least six months. We are actively pursuing all cases to assist the victims,” he added.

Police reports were lodged by the victims’ families after they managed to call home, he said.

“In most cases, the victims managed to inform their family members of their predicament.

“We believe the number of police reports increased after the recent successful rescue of Malaysians abroad, with such cases being highlighted in the media,” he added.

Last month, the Malaysian Embassy in Cambodia said it had rescued more than 60 Malaysians coerced into working for scam call centres over the past few years.

On April 6, 16 Malaysians held captive in Sihanoukville on the south coast of Cambodia were also rescued.

The victims claimed they were duped by offers of jobs as customer service representatives with lucrative salaries for a Cambodian company.

Once in Cambodia, their personal documents were seized and their movements restricted.

Since the reopening of the country’s borders, more dubious job offers were being uploaded on social media, Comm Abd Jalil said.

“Some people are desperate due to a lack of jobs because of the Covid-19 pandemic.

“Among the main factors that enticed victims to such job scams are lucrative salary offers and benefits.

“We believe the convenience of finding a job overseas is also a factor that influenced the victims’ decisions,” he added.

Comm Abd Jallil said initial investigations showed the syndicates were forcing these Malaysians into working in scams and gambling dens.

“We are building more intelligence on the human trafficking syndicates to effectively clamp down on such job scams.

“We are working hard with the Interpol and Aseanapol to track down and rescue victims.

“We are also collaborating with the Foreign Ministry to expedite efforts in rescuing the victims overseas,” he added.

He also appealed for more awareness to prevent others from falling victims.

“We are working with government agencies and NGOs especially the MCA Public Services and Complaints Department on creating more awareness on such job scams.

“We are focusing on the importance of being careful when considering jobs offered overseas via social media,” he said.

Comm Abd Jalil advised the public to know and adhere to local laws and regulations when accepting jobs overseas.

“Before accepting any job offers, do a thorough background check on the prospective employer or company,” he said.

Comm Abd Jalil added that the police welcome information on syndicates that duped Malaysians and forced them to conduct illegal activities overseas.

“Those with information can contact the nearest police station,” he said. 

  Source link

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Friday 22 April 2022

The telltale signs of a scam, Macau scams: Spot, avoid and report scammers; It’s all in the details

CLICK TO ENLARGE 

CLICK TO ENLARGE

Victim usually fall prey due to fear, naivety or greed

Fear, naivety and greed may have caused victims to fall prey to scammers who cheat them of thousands of ringgit, says MCA Public Services and Complaints Department head Datuk Seri Michael Chong.

He said aside from making phone calls, scammers would also write to the victim or even meet them in person.

“They claim to be government officers and they want you to park the money (temporarily) and you can take it back later – so the money will not be confiscated,” he said while elaborating on how some victims were conned.

“Are there such people who are kind enough to ask someone to hide their money? When I asked, the victims could not answer me,” he added.

Chong said some victims revealed that the scammers who claimed to be government officers had spoken to them in Mandarin, which is uncommon as the medium of instruction used by civil servants is either Bahasa Malaysia or English.

Some of them have also received calls after office hours, which is out of the norm.

“They will frighten victims by saying that they have been charged with money laundering or their property will be confiscated. Many victims get duped because they are scared.

“Let me ask one thing: if you have not done something wrong, then why are you scared? The conmen will know that you have done something wrong from the way they talk to you, and they will scam you further,” he added.

Chong said most of the victims will be told not to divulge any information to their family.

He cited a case where the scammer had accompanied the elderly victim to the bank to withdraw money. They would, however, wear a cap or sunglasses to ensure they cannot be identified or captured by CCTVs. The scammers would also address the victim as their parent to avert suspicion.

He said some victims were told not to cut the (phone) call until the “job” was done, and this could sometimes stretch for hours.

As for those who were lured with the promise of big prizes, Chong noted that simple logic applied here.

“If you didn’t buy any lottery ticket, how do you expect to strike the lottery?” he said.

There is also no clear demographic of scam victims.

“Age is not a factor but of course elderly victims are easier to target,” he said.

Chong also said banks should also be alert when elderly citizens are seen withdrawing huge amounts at one go.

Source link

 Macau scams: Spot, avoid and report scammers

CLICK TO ENLARGE

KUALA LUMPUR: Despite constant reminders and notifications, people are still being duped by Macau Scams.

Last year, 1,585 Macau scam cases were reported nationwide resulting in RM560.8mil in losses.

This year, the number has already reached 1,258 cases between Jan 1 and April 19, involving RM65.4mil in losses.

ALSO READ: Got your EPF money? Beware the scammers

The Macau Scam modus operandi often starts with a phone call from someone pretending to be an officer from a bank, government or law enforcement agency or debt collector.

The scammer will then claim that the potential victim owes money, has an unpaid fine or has even been implicated in a crime.

The victim will then be given a choice to settle the matter – by transferring his funds to a mule account designated by the “officer” or by facing “dire consequences”.

These unsuspecting victim will then be asked to make payments to get him off the hook.

Hundreds of millions of ringgit have been lost to these scammers, who pose as officers from government agencies such as the police, Bank Negara Malaysia (BNM) and even the Inland Revenue Board (LHDN).

ALSO READ: It's all in the details

The range of victims have also expanded to include those in the professional line such as doctors and lawyers.

Kuala Lumpur Commercial Crime Investigation Department (CCID) chief Asst Comm Mohd Mahidisham Ishak said several factors may address why Macau scam cases are still occurring.

“We believe it is a combination of a few things.

While we have conducted various campaigns to increase awareness, it could be that the message has not reached society thoroughly.

“We have utilised various platforms, including social media and public transport to spread more awareness on Macau scams.

“We will step up such campaigns to include having talks in schools to ensure that knowledge on such scams reach the masses,” said ACP Mohd Mahidisham.

Changes in the scammers’ modus operandi might have also contributed to such cases still occurring, ACP Mohd Mahidisham added.

“Scammers have posed as officers from the police force, Customs department, BNM and LHDN in the past.

“As mentioned in the past, scammers also used the Voice Over Internet Protocol (VOIP) to mask their phone numbers.

“We hope the public will remain vigilant against such tactics,” he said.

ALSO READ: Recent cases of Macau scams tell a sorry tale

Victims not informing family members or authorities due to embarrassment could be another factor for such cases, he lamented.

ACP Mohd Mahidisham is also concerned that such scam methods have become more elaborate.

“Usually, the harassment by the scammers will last between one to two hours.

“However, since last month, we have been recording cases where the victims were harassed for about a week. It is important for family members to act if they spot any changes or peculiar actions (faced by the affected family member),” he said.

ACP Mohd Mahidisham also reminded the public that agencies such as the police do not conduct investigations over the phone.

“Witnesses or those who can assist the investigation will be required to make an appointment so that their statements will be recorded at the police station or headquarters.

“Don’t be fooled by such calls ... better yet, if you do not recognise the phone number, do not answer the call,” he stressed.

The public should never divulge any banking details to a third party, he added.

“Banking details should be kept safe. Don’t register the phone number of others for your bank account,” he said.

ACP Mohd Mahidisham urged those with enquiries to contact the CCID Scam Response Centre at 03-26101559/1599, Whatsapp the CCID info-line at 013-2111222, or log on to semakmule.rmp.gov.my.

“Utilise the facilities that we have prepared for the public.

“Preventing and busting scams, especially Macau scams, remain our priority,” he said.

Meanwhile, Bukit Aman Commercial Crime Invesigation Department (CCID) director Comm Datuk Mohd Kamarudin Md Din recently said Macau scam syndicates were using a new tactic to target Tabung Haji account holders.

“We have recorded 65 cases amounting to RM3.6mil in losses already recorded.

“Based on investigations, these activities are being conducted by Macau scam syndicates.

“They would make calls to the victims and intimidate the victims with allegations of involvement in criminal activities and outstanding credit card debts among other tactics,” he said.

He said the syndicates would then ask for the victims to disclose their banking information to clear them of any wrongdoing.

“We have now detected cases where the syndicates have withdrawn money from Tabung Haji accounts linked to conventional bank accounts belonging to the victims.

“The convenience of Internet banking facilities by Tabung Haji and other conventional banks has made this possible,” he said, adding that investigations revealed the victims had provided banking information to unknown individuals over the phones.

He said as a result, the victims not only lost money from their bank accounts but also money from their pilgrimage fund accounts.

Source link.  

Macau scams: It’s all in the details

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PETALING JAYA: Well-choreographed storylines backed with the victims’ personal information and the ability to instil fear over possible repercussions from the authorities – these are some of the reasons many are still falling for Macau scams despite wide media coverage.

Hafishah Ab Hamid, 37, who lost over RM30,000, said she was pressured into believing her identity was stolen, which not only caused her to have RM40,000 in income tax arrears with the Inland Revenue Board (LHDN), but also “a wanted person notice” for her involvement in money laundering and drug trafficking.

ALSO READ: Got your EPF money? Beware the scammers

She received a letter purportedly from LHDN before receiving a phone call on March 29.

“I was hesitant at first, but I was transferred to a ‘Sarjan Nadia’ who asked me to Google ‘Kota Baru police station’. She said I would receive a call from that number and I did, which is when I started to fall for the scam.

“This ‘Sarjan Nadia’ then called ‘Bukit Aman’ to check if I was involved in other activities ... the background noises were realistic – you could hear sirens, people yelling ‘emergency case’, and then an officer from ‘Bukit Aman’ informed me that I was involved in money laundering and drug trafficking.

“I started to panic, but she told me to not inform anyone, not even my husband.

“She said to imagine how my husband and children would feel if they knew,” she added.

ALSO READ: Recent cases of Macau scams tell a sorry tale

During the four-hour conversation, Hafishah was also transferred to “Datuk ACP Zul”, who was supposed to clear her name and suspend an arrest warrant issued in her name.

“‘Datuk ACP Zul’ asked for information on my bank accounts, and I told him everything, including my ASB (Amanah Saham Bumiputra) details. He told me to transfer my (ASB) money to my bank account so that they could check if the money was obtained legally,” she said.

The so-called Datuk ACP Zul also sent her an Android Package (APK) file, which is the file format used by the Android operating system for the installation of mobile apps.

“When I installed the app, a Bank Negara Malaysia logo appeared and I had to provide details such as my bank, full name, identification number, user name and password.

“I didn’t suspect anything at that time because I had just transferred my money (from ASB) to my account and I saw that my balance was RM32,000.

“I didn’t think I was being cheated because I didn’t transfer money to their account, but what I didn’t know was that they transferred my money to another account,” said Hafishah.

It is understood that the app she installed allowed the scammer to access her phone and obtain her information, which included her Transaction Authorisation Code (TAC) security number.

“I didn’t get back my money – I was told that they transferred my money in stages so it is very difficult to trace (it). Bank Negara said they couldn’t freeze the scammer’s bank account.

“The scammer contacted me the next day. I informed the police, but I was told to just block their number.

“So I feel sad because even though we have their number and they are actively using it, nothing can be done to trace them,” she said, adding that she hopes others will educate themselves and not fall for such scams.

ALSO READ: Spot, avoid and report scammers

Nurul Najwa Ibrahim, 23, was in confinement when she received a call from “Pos Laju” on March 10, claiming that she posted illegal items – bank and identifications cards – and these were held up at the Kuantan police station.

“The caller said I needed to lodge a police report because perhaps someone was using my personal information. When I said that I didn’t post anything, and he asked me to press ‘9’ before I was transferred to a ‘Corporal Nasir Ahmad’,” she said.

To convince her, Najwa was asked to Google the Kuantan police station phone number and she was told to expect a call from that number.

“‘Corporal Nasir’ gave (me) two options: they would issue an arrest warrant or I could cooperate.

“He sent me a bank account number and instructed me to bank in RM3,000 so he could check the source of my money.

“After a while, I thought to myself, how could they check if my money came from illegal means unless they had my bank statement? That was when I realised that I had been duped.

“But the fact that they knew my full name, my identification number and they called me using the same number as the one I Googled made me believe that they were genuine,” said Najwa.

She said she hopes that the authorities would do more to curb this scam menace.

“The public should be wary – don’t be afraid even if they claim that they have ‘police cases’ on us,” she added.

Desperate to get a new car, Mazura Mat Esa, 41, ended up falling into depression after being manipulated by a scammer on March 25.

“I saw an advertisement on an online marketplace and contacted the seller who claimed he had submitted my loan application to Maybank the same night.

“The next day, a ‘Maybank officer’ calling himself ‘Maran’ phoned and said he would help expedite the bank process for RM2,000.

“The way he spoke was so convincing and he could answer all my questions,” she said.

Mazura transferred a total of RM5,000 as “processing fees” and to book a licence plate number.

Until today, she still hasn’t received her dream car.