Financial and cyber crimes are the most common crimes committed in Malaysia, according to Malaysian national news outlet Bernama.
Tommy Seah, honorary group chairperson of International Cybercrime and Forensics Examiner Group of Companies, said the most widespread of financial crimes in Malaysia were financial statement frauds, procurement frauds and misappropriation of assets.
“Malaysia is a pretty docile country but we are also not well equipped in preventing such crimes,” he said in an interview with Bernama on Tuesday. “Skills and knowledge can be transferred and acquired and Malaysia has the ability, but the corporate will to put the house in order is more vital.”
Seah said one of the reasons why people commit economic crimes is their desire for a better quality of life; when they cannot achieve that legitimately, they tend to adopt illegal ways of getting what they want.
ICFE and CSI World Headquarters are planning on organizing a two-day International Cyber and Economic Crime Conference in Kuala Lumpur beginning June 15 to educate professionals and to provide citizens an opportunity to update their skills, especially in digital forensics.
“We are expecting professionals from both the public and private sectors who will gather insights about the field from esteemed local and international speakers,” Seah told Bernama.