Governor of Central Bank of Malaysia, Tan Sri Shamsiah Mohd Yunus said, concerned by the rising numbers of scam and financial crimes globally and in Malaysia, Bank Negara is directing the banking industry to undertake tighter security controls.

Bank Negara, together with the police, Malaysian Communications and Multimedia Commission and National Anti-Financial Crime Centre, will work together to further elevate the Commercial Crime Investigation Department's Scam Response Centre into a more systematic information-sharing platform that will enable quicker action to prevent further losses.

Tan Sri Nor Shamsiah said the cooperation of law enforcement agencies is key, especially in sharing information and intelligence.

The public also has a role to play in protecting themselves by making sure to be aware of scams.