FICO Survey: 1 in 3 Malaysians Worried About Being Scammed As Real-Time Payment Risks Grow
Additionally, concerns about identity theft persist, with over 25% of Malaysians citing it as their top financial crime concern.
- Additionally, concerns about identity theft persist, with over 25% of Malaysians citing it as their top financial crime concern.
- This type of fraud carries additional risks beyond financial loss, such as compromised credit scores and the challenging process of restoring financial integrity.
- “As the adoption of real-time payments surges, driven by platforms like Boost, Touch & Go (TnG), and GrabPay, we're witnessing a transformative shift in financial behaviour.
- Shockingly, 19% of respondents admitted to sending real-time payments for investments, goods, or services they never received.