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Identity Fraud In 2023
Innov8tif's Annual Report Reveals Increasing Instances of Identity Fraud in Malaysia During eKYC Processes.
Have You Ever Pondered the Frequency and Underlying Causes Behind the Prevalence of Identity Fraud in Our Daily Lives? Let's Find Out More!
Rise of Identity Fraud
in Malaysia
The widespread adoption of digital channels has created fertile ground for cybercriminals looking to exploit vulnerabilities in these systems. With the increasing reliance on digital platforms for financial transactions, personal communications, and sensitive data storage, cybercriminals have seized upon this rising trend to commit fraudulent activities and steal identities.
With more Malaysians conducting transactions online, vulnerabilities in digital systems can be easily exploited. Significant threats come in the form of popular fraud methods such as identity theft, document forgery, and other forms of impersonation.
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