Teo revealed on May 16 that online scam losses in Malaysia reached 2.77 billion RM (about 700 million USD) last year, compared with 1.28 billion RM in 2023 and 1.57 billion RM in 2024. Investment scams accounted for the largest share of the losses.
Assistant national police chief Pol Lt Gen Jirabhop Bhuridej who is also ACSC deputy director, said that the centre’s online reporting system logged 7,344 complaints between February 22 and 28, up 611 cases compared to the previous week. Total financial damage during the period amounted to 440.7 million THB.
Victims were targeted through social media platforms, and messaging and dating applications, police said.