Singapore, Malaysia partner to target telco scammers

City-state residents lost nearly $485m to scammers in 2023.

Singapore and Malaysia have joined forces in boosting telecommunications security in their countries as part of shared commitments to combat scams across telco channels.

The Infocomm Media Development Authority (IMDA) of Singapore and the Malaysian Communications and Multimedia Commission (MCMC) signed a Memorandum of Understanding (MoU) to safeguard citizens from fraudulent activities.

In Singapore, reports revealed that residents were cheated of $484.9m in 2023, which equates to around $82 per person that was lost to scammers given the city-state’s population of 5.92 million.

Key areas of cooperation outlined in the MoU include providing regulatory assistance, facilitating research and education, and promoting the exchange of knowledge and expertise through training programmes and staff exchanges.

Through this Memorandum, Singapore and Malaysia are poised to mitigate the threat posed by fraudulent activities and ensure the security and well-being of their citizens.

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