CCID chief: Amount lost through cyber crimes staggering

GEORGE TOWN: The number of cyber crime cases reported in the country may have declined but the losses are still a staggering RM47.5mil, says Federal Commercial Crimes Investigation Department director Comm Datuk Wira Syed Ismail Syed Azizan.

“There were 2,397 cyber crime cases in 2009. Last year, the number dropped to 942.

“Between 2008 and last year, credit card cases totalled 1,982 with losses amounting to RM21mil,” he said in his speech at the Second National Hotel Security Conference here yesterday.

The event, organised by the Malaysian Association of Hotels (MAH), is aimed at increasing cyber crime awareness among hoteliers.

Comm Syed Ismail said the police aimed to adopt a new paradigm in their investigation procedures to counter the evolving threat of cyber crimes.

“Anything discovered during our investigations will be shared with the industry players so that they can counter such cases,” he said.