What was the financial impact of cyber crimes from January to July?

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The financial impact of cyber crimes from January to July amounted to RM247 million.

Between January and July of this year, there were 9,146 reported cyber crime cases. These incidents resulted in financial losses totalling RM247 million. This figure represents a significant portion of the losses incurred in previous full years, with 2019 recording RM305 million in losses across 11,875 cases, and 2018 seeing 10,764 cases.
Cyber Crime Cases and Financial Losses This Year

From January to July this year, a total of 9,146 cyber crime cases were recorded. The financial losses associated with these cases reached RM247 million. This demonstrates a substantial number of incidents and a considerable financial burden on victims within this seven-month period.
Comparison with Previous Years

The figures for the first seven months of this year are notable when compared to the entirety of previous years. In the full year of 2019, there were 11,875 cyber crime cases, leading to RM305 million in losses. The year 2018 saw 10,764 cyber crime cases.
Alarming Increase in Cyber Crimes

Cyber crimes have experienced a drastic increase, particularly during the movement control order period. Between March and June this year, there was an reported 80 per cent rise in cyber crimes. This trend suggests that cyberspace is being exploited as a platform for fraudulent activities and to target unsuspecting individuals.

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What was the financial impact of cyber crimes from January to July?

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