SEREMBAN, June 16 (Bernama) — The Royal Malaysia Police (PDRM) has intensified surveillance and preventive measures against online fraud syndicates following a rise in cases targeting university students as mule account holders. Home Minister Datuk Seri Saifuddin Nasution Ismail said syndicates are becoming increasingly aggressive in targeting students, offering payments ranging from RM1,000 to RM2,000 for each bank account surrendered for use in illegal activities. He said data from the Commercial Crime Investigation Department (CCID) showed an increase in cases involving mule accounts among university students. “Once a victim transfers money into the account, the syndicate immediately withdraws the funds […]

Effective fraud prevention requires visibility across transaction, account, platform, and network levels to detect evolving attacks before they cause major losses. The example shows how a fraudster can exploit customer service, account changes, and multi-account patterns, while shared network intelligence helps stop similar activity faster. #BankX #IPQS #AccountTakeovers #MuleAccounts

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