Scams have been rising lately in Malaysia with complaints about financial fraud, especially Internet, investment and phone scams being the top five issues raised by the public in Bank Negara’s 2021 Annual Report. In fact, according to the Selangor police, a whopping 33.7 million ringgit was lost to online scams and cyber crimes in Selangor in the first two months of 2022 alone. Sim Wie Boon speaks to Kevin Neoh of VKA Wealth Planners on how to spot scams and what to do when you find yourself falling for one. Image credit: Shutterstock.com

<p>Scams have been rising lately in Malaysia with complaints about financial fraud, especially Internet, investment and phone scams being the top five issues raised by the public in Bank Negara’s 2021 Annual Report. In fact, according to the Selangor police, a whopping 33.7 million ringgit was lost to online scams and cyber crimes in Selangor in the first two months of 2022 alone. Sim Wie Boon speaks to Kevin Neoh of VKA Wealth Planners on how to spot scams and what to do when you find yourself falling for one.&nbsp;Image credit: Shutterstock.com</p>

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Ringgit and Sense

We explore financial themes and help you make sense of the world of finance. From setting financial goals, managing finances, investing and understanding the various issues that affect our wallets. Ringgit and Sense wants to help you understand personal risk profiles, realistic investment horizons, retirement planning, managing education loans and health insurance plans, as well as breaking down the various personal finance products that are available.

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