IGP: Cybercrime comprises almost half of all commercial crime
Commercial crime increased 4.3 percent to 21,862 cases as of October this year compared to 20,913 cases recorded in the same period last year, said Inspector-General of Police Abdul Hamid Bador.
This resulted in a total loss of RM5.8 billion this year, he told a commercial crime conference held at Universiti Malaya today.
Commercial crime increased 4.3 percent to 21,862 cases as of October this year compared to 20,913 cases recorded in the same period last year, said Inspector-General of Police Abdul Hamid Bador.
This resulted in a total loss of RM5.8 billion this year, he told a commercial crime conference held at Universiti Malaya today.
He noted a slight drop, however, in the cybercrime, which comprised 47.2 percent of commercial crime cases this year compared to 48.2 percent in 2018.
Cybercrimes are Internet-based scams comprising fake cash loans and African and Macau scams.
"There is a need to educate the community to prevent them from falling victims to these cybercrimes," said Hamid.
He said the police will be conducting a seminar on commercial crime which will be open to the officials, consumers, banks and companies in August.
The event will also be open to members of the public, he added.
At a press conference later, deputy inspector-general of police Mazlan Mansor said today's conference saw 400 officials from various agencies attending.
"The threat (of commercial crime) keeps changing so there is a need for us to keep track of all the latest threats," he said.
He also said police have completed their investigations into the complaint of Universiti Malaya's e-pay link being hacked.
"The case is resolved but we have no intention to reveal it for the sake of the safety of the university," he said.
He declined to comment if the hacking was related to a protest by an engineering student.
It was previously reported that UM's online e-pay link was targeted by hackers.
This incident followed a protest by engineering student Wong Yan Ke against the university's vice-chancellor Abdul Rahim Hashim over his alleged racist speech at the Malay Dignity Congress on Oct 6.
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