Malaysians Lose RM2.9 Billion to Trust-Exploiting Scams in 2025

Malaysians Lose RM2.9 Billion to Trust-Exploiting Scams in 2025

First seen 9 Feb 2026, 00:05 UTC TheedgemalaysiaTheedgemarkets 20.3

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In 2025, Malaysians suffered losses exceeding RM2.9 billion due to scams that exploit trust rather than hacking systems. Notably, over 95% of these losses stemmed from authorized transactions, indicating a significant vulnerability in user awareness and security practices. The losses in September alone reached RM1.9 billion, marking a dramatic increase from previous years.

Timeline

2024-01-01
Scam losses in 2024 were RM1.574 billion
2025-01-01
Total scam losses in 2025 exceeded RM2.9 billion
2025-09-01
Scam losses reached RM1.9 billion in September