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Malaysia's Deputy Communications Minister Teo Nie Ching has called for complete compliance with the Risk Mitigation Code to reduce online fraud, noting that platforms removing nearly 100,000 pieces of fraudulent content demonstrates the framework's effectiveness.
Communications Minister Datuk Seri Fahmi Fadzil says Malaysia must expand anti-fraud awareness programmes beyond cities to rural communities, warning that scammers exploit expanded internet access to target vulnerable populations.
Visa has announced a $2.4 billion cash acquisition of fraud detection specialist BioCatch, reinforcing the payments giant's commitment to combating digital fraud and protecting its vast client network against increasingly sophisticated cyber threats.
US authorities have uncovered a sophisticated international fraud scheme where scammers pose as IRS officials to drain cryptocurrency wallets. The operation uses convincing fake government letters and spoofed websites to extract personal data from crypto holders.
Singapore's police force played a key role in Operation First Light 2026, a coordinated Interpol action spanning 97 jurisdictions that resulted in 5,811 arrests and the interception of US$293 million in illicit assets between January and April.