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Malaysia's fight against online investment scams is getting a stronger push, with the Securities Commission Malaysia and the Malaysian Communications and Multimedia Commission formally joining forces through a new memorandum of understanding. The move reflects a growing concern over how digital fraud has evolved, especially as scammers become more organised, more convincing, and more effective at reaching potential victims online.
Online scams have become an increasingly serious problem in Malaysia, particularly those involving fake investment schemes, fraudulent loan offers, and impersonation of legitimate financial institutions. Many of these scams rely heavily on online advertising platforms to reach potential victims, making digital ad networks an important battleground in the fight against financial fraud.
Deepfake scams are back in the spotlight—this time with some pretty high-profile faces being misused. The Royal Malaysia Police (PDRM) has uncovered five new deepfake videos tied to investment scams, and one of them features none other than Prime Minister Anwar Ibrahim.
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