KUALA LUMPUR (Bernama) – Phishing, which involves online banking, accounts for most online fraud with 2,993 incidents reported from January to October this year.
Chief Executive Officer of CyberSecurity Malaysia, Dr Amirudin Abdul Wahab, in a statement today, said the figure constituted 94 per cent of all 3,190 online frauds reported in the same period.
“Clearly, criminals are aiming for financial gains. An average of 12 fraud incidents involving online purchases are reported every month or total 120 incidents from Jan to Oct this year,” he said. Other common incidents that fall under online fraud are unauthorised transactions impersonation and spoofing, illegal investment and counterfeit items.
He said, with the number of internet fraud increasing every year, CyberSecurity recently launched MyTrustSEAL to provide internet users a way of identifying e-businesses that are legitimate and will deliver as promised.
Amirudin said organisations that satisfy the assessment criteria under MyTrustSEAL will receive the Malaysia Trustmark certificate or seal to be uploaded to their e-Commerce website.