Looking for love: Victims of love scams are usually older single women, divorcees or widows, who end up losing their life savings after encounters through dodgy dating sites and social media. – 123rf.com
IN AN era where information has become more accessible, scammers are concocting more cunning ruses to swindle unsuspecting victims of their savings.
According to figures from Bursa Malaysia, losses from reported scams amounted to RM5.2bil over a two-year period during the Covid-19 pandemic. And there were many more that went unreported.
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