PDRM collaborate with 51 banks to stem cyber crimes

The Royal Malaysian Police today launched their collaboration with 51 banks to curb cyber crimes via internet banking.

Inspector-General of Police Tan Sri Khalid Abu Bakar said police would set up a portal on tips and modus operandi of cyber frauds which would be linked to the websites of the banks involved to raise pubic awareness on the dangers of cyber crimes and to avoid becoming victims of online crimes.

"We are providing 'crime alert' or 'scam alert' link on the tips and modus operandi to the banks' websites," he told reporters after launching the collaboration at Bukit Aman here today.

The collaboration involved 27 members of the Association of Banks in Malaysia (ABM) and 24 banks under the Association of Islamic Banking Institutions Malaysia (IBIM).

Khalid said among the objectives of the collaboration was to stem losses due to cyber frauds which had surpassed RM80 million in the first seven months this year.