Latest market development: Malaysia Must Strengthen AI Policies, Regulatory Framework To Curb Deepfake Scams.
What You Need to Know
Here are the key details from this alert:
- JOHOR BAHRU, March 29 (Bernama) — Malaysia must urgently strengthen its artificial intelligence (AI) policies and regulatory framework, especially for high-risk technologies, to protect digital secur
- Institute for Data Innovation and Artificial Intelligence (IDEA-AI) chief executive officer and director Prof Dr Mohd Saberi Mohamad, said this is crucial as AI technology becomes increasingly sophist
- He noted that over 35,000 online fraud cases were reported in 2024, resulting in losses of approximately RM1
- 58 billion, while the first three months of 2025 saw 12,000 cases amounting to RM573
- “While not all cases involve deepfakes, AI is increasingly being used by fraud syndicates to impersonate voices or identities to mislead victims
- “Globally, cybersecurity reports indicate that deepfake-based fraud has increased more than tenfold between 2022 and 2023,” he told Bernama
- Source: Malaysia Must Strengthen AI Policies, Regulatory Framework To Curb Deepfake Sca
Market Analysis
This development warrants attention from traders and investors across asset classes.
Frequently Asked Questions
Is this news verified?
This report is based on information from external sources identified through our news monitoring system. We recommend verifying directly with primary sources and official regulators before making any financial decisions.
Where can I report financial fraud?
Report to your national financial regulator: FCA (UK), ASIC (Australia), SEC/CFTC (USA), MAS (Singapore), OJK (Indonesia). Also report at Action Fraud (UK) or ScamWatch (Australia).
Published by Top10Exchanges on March 30, 2026. Source: Malaysia Must Strengthen AI Policies, Regulatory Framework