More than 67,735 online scam cases were reported in Malaysia in 2025 alone, with losses reaching roughly RM3 billion.
In 2026, AI-powered fraud is adding to the complexity of digital financial crimes.
From cloned executive voices and deepfake video calls to synthetic identities and highly targeted payment scams, cybercriminals are using generative AI to exploit the weakest link in any system — human trust.
Tehmina Kaoosji speaks to Krishna Rajagopal, CEO of AKATI Sekurity, on why AI fraud is becoming a major boardroom, governance and financial-risk issue for Malaysian businesses — and what companies need to do before legacy security systems become obsolete.