Police recorded 47,854 cases by September 2025 with RM1.92b wiped out.

Staff Reporter

, Malaysia

Police recorded 47,854 cases by September 2025 pinch RM1.92b wiped out.

Zurich General Insurance Malaysia Berhad and ShopeePay launched a caller online financial fraud protection merchandise successful Malaysia, aiming to make security sum much accessible arsenic scam-related losses proceed to rise.

The product, called Zurich Wallet Protection, is disposable connected nan ShopeePay and Shopee apps and is priced from $0.35 (RM1.40) per month.

It provides sum not only for ShopeePay transactions but besides crossed users’ slope accounts, e-wallets and paper payments.

The protection covers risks specified arsenic unauthorised transfers, paper misuse, phishing and impersonation scams, and online shopping fraud.

The motorboat comes arsenic online fraud cases successful Malaysia proceed to increase. Data from nan Royal Malaysia Police’s Commercial Crime Investigation Department shows that 47,854 scam cases were recorded arsenic of September 2025, resulting successful losses of $0.48b (RM1.92b).

This represents an summation of 12,486 cases compared pinch 2024.

Zurich Wallet Protection is offered nether 2 plans. The Basic Plan costs $0.35 (RM1.40) per month, inclusive of 8% income and work tax, and includes a free first month.

It provides sum of up to $750 (RM3,000) per period for unauthorised physics transportation fraud, pinch an yearly limit of $1,500 (RM6,000).

The VIP Plan costs $1.23 (RM4.90) per period and offers higher limits, including up to $2,500 (RM10,000) per period for unauthorised transfers and $5,000 (RM20,000) annually.

Zurich Wallet Protection is underwritten by Zurich and tin beryllium recovered connected nan ShopeePay app homepage aliases via nan security conception connected nan Shopee app.

($1.00 = RM3.94)
 

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