March 4, 2025
Tech News
Bank staff have been recognized for their efforts in preventing RM12.4 million in fraudulent transfers throughout 2024. During a recent event in Kuala Lumpur, staff from various banks, including Public Bank, received accolades for their vigilance and timely interventions in potentially suspicious transactions.
One remarkable case involved a Public Bank employee, Letchumy Jayamaran, who stopped a customer from withdrawing RM2.8 million. After noticing discrepancies in the documentation for an investment, she contacted the police, confirming that the company involved was linked to scams. The customer ultimately decided against the withdrawal.
Similarly, at Maybank, staff members Azmi Mustafa, Yusrina Mohd Yusop, and Che Mazuriana intervened when a customer attempted to transfer RM390,000 from a fixed deposit to multiple accounts. They alerted the client’s family, averting a scam and demonstrating the critical role of trained bank professionals in combating financial fraud.
The National Taskforce to Combat Fraud and industry leaders emphasized the importance of training bank employees to recognize red flags during transactions. With scams becoming increasingly sophisticated, this training equips staff to identify potential victims and safeguard their finances effectively.
According to the Commercial Crime Investigation Department, in 2024, Malaysia reported 35,368 scam cases that resulted in losses exceeding RM1.6 billion, representing a significant portion of total commercial crimes. Authorities reiterated the importance of public awareness, urging people not to trust unsolicited calls claiming to be from officials.
Transitioning away from fraud prevention, at this year’s Mobile World Congress (MWC), Infinix unveiled innovative concepts that harness solar power to charge smartphones. Their SolarEnergy-Reserving technology includes devices with integrated solar panels and a solar-powered phone case, showcasing a practical solution for sustainable energy use in mobile technology.
The functional prototypes demonstrated at MWC feature thinner and cheaper perovskite solar cells, enhancing efficiency while integrating a voltage-regulating system called Maximum Power Point Tracking. This technology allows charging at up to 2W, providing an auxiliary power source when a phone isn’t actively being used.
Infinix also introduced a second-generation color-changing E Ink phone, which now operates on the device’s internal battery. Users can customize the colors and patterns, with the option to change according to the weather or personal photos, further integrating artificial intelligence into the smartphone experience.
Tech Explained
Fraud – Fraud refers to wrongful or criminal deception intended to secure financial or personal gain. It encompasses schemes that trick victims into giving up money or sensitive information, often through promises of high returns or opaque investment opportunities.
Scam – A scam is a fraudulent scheme designed to con individuals out of their money or personal information. Scams can take various forms, including investment fraud, lottery scams, and phishing attempts, often leveraging trust to exploit victims.
Perovskite – Perovskite refers to a specific crystal structure that can be utilized in solar cells, known for its excellent light-absorbing properties and potential for low-cost, high-efficiency photovoltaic technology.
Maximum Power Point Tracking – Maximum Power Point Tracking (MPPT) is an optimization technique used in solar energy systems to maximize the power output. It adjusts the electrical operating point of the modules to ensure they operate at their highest efficiency under varying conditions.
E Ink – E Ink is a technology that mimics the appearance of ink on paper using tiny capsules filled with black and white pigments. Commonly used in e-readers, E Ink displays consume very little power, making them an energy-efficient choice for devices that require extended battery lifespan.
