EdgeUP: Why Scam Victims Get Almost Nothing Back
RM1.2 billion reported lost.
Just RM14.3 million recovered.
With online scam losses reaching RM2.97 billion in 2025, several question remains:
Why is the recovery gap so big?
Why is tracing and recovering the money so difficult?
If you authorised the bank transfer yourself, does that mean you're unlikely to get a refund?
What are some new fraud prevention measures in the pipeline?
Watch this week’s EdgeUP to find out why scam money is so hard to recover - and what you can do to protect yourself.
@TheEdge_SG
Just RM14.3 million recovered.
With online scam losses reaching RM2.97 billion in 2025, several question remains:
Why is the recovery gap so big?
Why is tracing and recovering the money so difficult?
If you authorised the bank transfer yourself, does that mean you're unlikely to get a refund?
What are some new fraud prevention measures in the pipeline?
Watch this week’s EdgeUP to find out why scam money is so hard to recover - and what you can do to protect yourself.
@TheEdge_SG
By theedgetv
06 Nov 2026, 05:47 pm Updated - 05:47 pm
EdgeUP: Why Scam Victims Get Almost Nothing Back
RM1.2 billion reported lost.
Just RM14.3 million recovered.
With online scam losses reaching RM2.97 billion in 2025, several question remains:
Why is the recovery gap so big?
Why is tracing and recovering the money so difficult?
If you authorised the bank transfer yourself, does that mean you're unlikely to get a refund?
What are some new fraud prevention measures in the pipeline?
Watch this week’s EdgeUP to find out why scam money is so hard to recover - and what you can do to protect yourself.
@TheEdge_SG
Just RM14.3 million recovered.
With online scam losses reaching RM2.97 billion in 2025, several question remains:
Why is the recovery gap so big?
Why is tracing and recovering the money so difficult?
If you authorised the bank transfer yourself, does that mean you're unlikely to get a refund?
What are some new fraud prevention measures in the pipeline?
Watch this week’s EdgeUP to find out why scam money is so hard to recover - and what you can do to protect yourself.
@TheEdge_SG
By theedgetv
06 Nov 2026, 05:47 pm
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