Not sure if this is the correct place to hold this discussion.

Recently, so many case of money has been transferred out from the owner’s bank account to someone they don’t know and they claim that they have no idea why such thing happens.

Some of the examples are not scams it sounds like magic, by answering a call/ messages, their money get transferred out without their consent.

Another case claim that, all his monies get transferred to U mobile without receiving any OTP or authentication.

I know lowyat has a lot of experts in various field, so would like heard all the opinions from the professionals.

Is there something wrong in our banking system, or its just something fishy on the claim made by those victims.

Btw, should exclude those phishing links emails app etc, all these common ways to retrieve sensitive information, as i have described above those cases happens recently sounds like magic not scams.

Come share your thoughts…

For small number of cases I bet it's inside job (that includes contractors who may help build the code)

For the majority of cases its the social engineering like phising or Macau scam or ponzi schemes
The stupid one either won't admit or don't even know their mistake.. While the smart one know if they admit they giving up the fight to get the money back

Banks staffs swindlers money are not recent happenings....

money swindled by staff has increased to RM473.82 million over the last five years. (2008 - 2013)

Bukit Aman Commercial Crimes Department’s Head of Unit for Banking and Financial Crimes Supt Harjinder Kaur Gurdial Singh said overall the banks suffered losses amounting to RM789,106,376 for various fraud during the period.

In 2008 it was RM10.1 million, RM27.1 million in (2009), RM85.4 million (2010), RM84.5 million (2011), RM191.8 million (2012) and RM390 million (November 2013), she told reporters during a special interview on Commercial CID crime here today, in an article dated 2013

https://www.malaymail.com/amp/news/malaysia...say-cops/576801

Basically a smartphone problem by installing malicious apps.

Myself will use an ancient Nokia 3310 or 106 for a TAC SMS from banks and other entities related to money. Simply register a new prepaid line from XOX or Yoodo and update it at the ATM machine. Done deal.

Now, each time u perform a new transaction, need to enter the TAC. Some only use SecureTAC which is performed on the bank apps. These are quite secure compared to TAC.

As the TAC number is on an ancient platform, idiots and scammers will try to WhatsApp or Telegram the number and got zero response instead.

Only caveat is to carry an another device when daily but no biggie because these phones are small enough to ignore. With no colour screens or multimedia capabilities, the battery will last up to 2-3 weeks.

Don’t think “only boomer kena. Me tech savvy millennial ok ni”

Sorry haha. Scammer nowadays makin pandai. Just be careful on your TAC and spam calls

I do have a close relative (in his 30s) got scammed with same MACAU scam modus operandi. When I ask to explain the steps, can smell some bullshit. One main point was, after the initial call, he said he googled Bukit Aman PDRM number in google and called the number before spoken to a person in charge and got scammed close to 10k.

So usually, those got scammed will not reveal full story scared muka jatuh

Happen to HSBC a fren of mine. Money transferred out without OTP or any authorization. He just got SMS notifying him $$$ charged to be his account in a foreign country. His account is purely savings account and not used for any online transaction. No explanation given by the bank. Heard another customer there got tens of thousands withdrawn as well.

Best practice is to use 2 phones separately:

Nokia 3310: Use your sim card registered to receive OTP.

Smart phone: Use another sim card which doesn't register any service that need to receive OTP.

From what I read, many users tricked into installing malicious apk into the phone. That's why mostly get hacked. So to begin with, don't use that kind of phone.

This post has been edited by CPURanger: Jun 7 2022, 02:48 PM

buy iphone?

This was one of those examples sounds like magic that raise concerns, common scam tactics ppl really get used to it and with so many scam alert poping out when you are performing online banking if one still fall onto it, really just blame urself for being careless and irresponsible to your own hard earned money.

these scammers bullshit also nobody raise alarm. They suka suka can transfer call to other government department. As we know, to call some government department is like kena lottery. At first they say you got LHDN hutang, slowly can become money laundering, suka suka can change....i wonder why people can believe that cock and bull story.

Replace all the transaction with secure2u verification instead of TAC verification.

Usually the one targeted have "shits" within themselves. Those without "shits" won't fall for it. I received a similar call claimed to be from the Pos Malaysia, KL. That time I was expecting some delivery from Pos Malaysia, when the operator stating my parcel got blocked. Of course the immediate reaction, you will be frustrated. Upon further inquiry, whether the product delivery to my unit got block or the unit I send got blocked. The operator claimed the parcel I sent got blocked & it contained sensitive stuff. Apparently it were credit cards & my parcels were retained at Sabah IPD - linked to money laundering....After I heard such, I replied to the operator, "oh, ya ker? macam ini la, you proceed buat laporan polis. Kawan I dekat Bukit Aman akan handle kes saya, tak usah susah-susah cik, kita buat laporan polis berbeza" The operator silent awhile while putting effort to put me back into her dialog ( try to pass call to Sabah IPD), I straight away cut " I akan jumpa kawan saya dekat Bukit Aman sendiri", straight away cut the line.

There after, immediately I search the internet on the Scam related to Pos Malaysia, apparently Pos Malaysia / Parcel Scam was one of the Macau Scam.

I am very worry about this scam too
Can anyone please suggest the safest bank to store money?

I intend to open this topic for discussion but TS has posted.

Nowdays, too many scam calls especially HSBC calls ....

U mean HSBC not safe right

No. The HSBC scam call is calling you to notify you that you to approve for HSBC credit card transaction while I dont have HSBC cc.

If you listen and press 0, then connect you to CS which will speak like hello, this is HSBC bank credit card centre. How many hell you..

I don't leave much cash in my savings account. Usually kept it to less than RM1000.

Anything extra I have, I either put it to EPF which is impossible for scammer to steal or put it as e-fixed deposit 1 month tenure.

Money in E-fixed deposit will introduce another layer of protection.

Im afraid data leak play big role eg mysj so many details if fall on wrong hand can be dire.