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Budget 2023: RM10mil Allocated to Fight Online Scams, All Banks to Have Kill Switch to Freeze Accounts

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Screenshot 2023 02 24 170851
Source: YouTube | Parlimen Malaysia

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As the tabling for the Budget 2023 continues, PM10 has revealed more details about it.

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Online scams are on the rampage, and PM10 has allocated a huge chunk of money to fight the rising online scams.

The government allocated RM10mil to The National Scam Response Centre (NSRC) in an effort to fight the rising online fraud. A total of 25,000 cases were recorded in 2022 alone, costing RM850mil.

“Bank Negara will require all banks to add a ‘kill switch’ that will let account holders freeze their accounts when suspicious activity is detected,” Anwar explained.

Hopefully, this will save a lot of victims from being scammed online. Stay tuned for more updates!

 

Also read: PM10 Keeps His Promise, Says He WON’T Accept a Salary to “Restore the People’s Confidence”

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