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Malaysian zakat institutions are adopting artificial intelligence and biometric authentication to combat cyber fraud as digital payment channels expand. Security experts emphasize layered protection combining technology with user awareness.
A New York judge has rejected Zelle's attempt to dismiss a lawsuit filed by the state's attorney general, allowing claims that the payment platform neglected safety features enabling over $1 billion in fraud to proceed to trial.
India's securities regulator has alerted companies to a rising cyber fraud scheme where criminals impersonate CEOs and senior executives to manipulate employees into transferring company funds to fraudulent accounts.
Malaysia's border control agency is investigating claims that a KLIA 2 officer received a RM100 payment via personal QR code, raising concerns about corruption vulnerabilities at the nation's busiest airport terminal.
The Malaysian Border Control and Protection Agency has opened an internal investigation after allegations emerged that a KLIA Terminal 2 officer solicited and received a RM100 payment through a personal QR transaction.
Prime Minister Anwar Ibrahim has mandated that e-wallet operators must fully compensate fraud victims within seven working days if they fail to implement central bank security requirements, even when user negligence is involved.