2.8-fold increase in telecom frauds logged

There have been 436 investigations initiated this year against telecom and cyber fraud, a 2.8-fold increase year-over-year, a communal advisor has cited the police as saying.

The cases involved nearly MOP100 million.

The Central District Communal Advisory Committee and the Judiciary Police (PJ) organized a crime prevention briefing yesterday, and the disclosure was made therein.

The deputy convenor of the Committee, Lei Chong In, cited the PJ as describing fund revocation as very difficult, because swindled funds are usually disseminated to thousands of bank accounts once received by the first fraudsters.

The PJ added that should victims recognize they are being defrauded, they should seek help early because banks may be able to suspend the wire transfer instructions and help save the money.

The Cybersecurity Committee presided over by Chief Executive Ho Iat Seng, met Tuesday for this year’s meeting.

Ho said safeguarding cybersecurity is key in the current era. He required all organs of the government to consider cybersecurity as important as national security. He added that although Macau’s cybersecurity situation had remained stable and favorable, many problems and security risks still stand out.

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