319
Increasing in identity theft cases
in early 2021
54.02
Billion in losses (MYR) due to scams
and identity fraud
55,000
Reports of online fraud cases over
a 6-month period
Potential Threats: Systemic Risks of Inadequate eKYC Implementation
Fraudster often exploit inconsistencies in fragmented or manual KYC processes to create synthetic identities, register multiple fake accounts, or impersonate legitimate users.
Poor eKYC implementation at the national level can also create systemic vulnerabilities that ripple across interconnected digital services in Malaysia.

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Three-tier Verification Model
AI analysis of MyKad holograms and micro-text
1:N facial recognition against 28-million-strong JPN database
Detection of abnormal application patterns, such as 50+ submissions
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