Nine in 10 Malaysians read scam alerts, but fear still fuels fraud, banking survey shows

AI Summary

A survey by the Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) revealed that 90% of Malaysians actively read scam alerts, with 73% expressing satisfaction with banks' scam prevention measures. The #JanganKenaScam campaign has increased awareness of scam tactics like fake SMS messages and suspicious links. While public awareness is rising, fear remains a factor in scam victimization. Trust in banks' protective measures has also increased, with 76% of respondents satisfied with their bank's effectiveness.