Which cyber scam categories cause the highest financial losses?

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Telecommunication Fraud and 419 Scams Lead to Highest Financial Losses in Cybercrime Incidents

This year, telecommunication fraud has resulted in the most significant financial losses, amounting to RM162.6 million. Following closely, 419 scams have also caused substantial financial damage, with victims losing RM80.08 million. These two categories represent the most financially impactful types of cyber scams reported.
Telecommunication Fraud Accounts for the Largest Share of Losses

Telecommunication fraud has emerged as the leading cause of financial loss due to cybercrime, with a total of RM162.6 million lost by victims. This figure highlights the substantial impact of scams conducted through communication channels.
419 Scams Represent a Major Financial Drain

Another significant category, 419 scams, has led to considerable financial losses, totalling RM80.08 million. This indicates that a substantial amount of money has been defrauded through these specific types of fraudulent schemes.
E-financial and E-commerce Scams Also Contribute to Overall Losses

While telecommunication fraud and 419 scams represent the highest financial losses, other categories also contribute to the overall impact of cybercrime. E-financial fraud has resulted in RM37.2 million in losses, and e-commerce scams have led to RM19.56 million in financial damage.

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Which cyber scam categories cause the highest financial losses?

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