Online business scams incur RM1.5M losses in Labuan

LABUAN (Bernama) – The Labuan commercial crime investigation authorities recorded about RM1.5 million in total losses last year attributed to the purchase of goods and services over the Internet.

Labuan Police Chief Superintendant Muhamad Farid Ahmad said telecommunications fraud via online and the short messaging service (SMS) notched the highest number of cases with RM947,055 in losses recorded.

“This is a worrying situation as the amount hit more than RM1 million in total losses and we believe many victims have remained silent,” he told a press conference after the police monthly assembly yesterday.

He said the 419 Scam, or popularly known as African Scam, cases were the second highest with RM491,720 in losses and e-commerce (online purchase), RM45,705.