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Cryptocurrency Scams Targeting Seniors and Professionals on the Rise

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Cryptocurrency Scams Targeting Seniors and Professionals on the Rise
Photo by Kanchanara on Unsplash.

Cryptocurrency scams are on the rise, with professionals and senior citizens as frequent victims, warns Bukit Aman JSJK Director Datuk Seri Ramli Mohamed Yoosuf. Some, especially those aged 60 and above, use life savings or borrow funds, lured by high returns.

Cryptocurrency Scams Targeting Seniors and Professionals on the Rise

A 74-year-old recently lost millions in such a scam. Phone scams, another prevalent crime, target vulnerable individuals with elaborate schemes. Ramli advises caution, noting legitimate authorities never make multi-step calls.

Commercial crimes, often cyber-enabled, are increasing, especially in urban states like Selangor and Kuala Lumpur. JSJK made 23,000 arrests last year, highlighting their efforts to combat these issues.

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Cryptocurrency Scams Targeting Seniors and Professionals on the Rise
Photo by Kanchanara on Unsplash.

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