Malaysians suffer RM302m losses in online scams: Teo

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The losses incurred from scams on Facebook amounted to RM232 million, whereas on Instagram, it was RM70 million theSun theSundaily scams internet socialmedia money losses government Malaysia

: Malaysians have suffered a total loss of RM302 million due to online scams on Facebook and Instagram from 2021 to June this year.

“We have also had a meeting with Meta, the parent company, because we really want to prove that this is indeed a serious issue. “As for Instagram, although the amount is smaller, some RM20 million in losses was recorded in 2021 and RM25 million in 2022. The losses recorded for the first six months of this year were RM25 million, the same as last year.”

 

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