Ah Long syndicates turn to tech

Sinar Daily

Think Ah Longs are just about threats and splashed paint? Think again.  They are now evolving with all the new technologies, using advanced cyber tactics to trap victims online — harder to trace, more dangerous than ever.  Be wary.  #Cybersecurity #CyberCrime #AhLongs #Online #LoanSharks #Digital #SinarDaily

Transcript

00:00Think you're tax-savvy enough to avoid loan sharks. Think again.

00:05Ahlongs, as they're commonly known, are evolving with the digital age,

00:10exploiting legal gray areas and leaving a trail of financial devastation.

00:16Last year alone, commercial crime surged,

00:19racking up over RM3 billion in losses across 41,701 reported cases.

00:26Despite legal penalties, these sophisticated scammers aren't deterred.

00:31They've mastered intimidation and exploit legal loopholes,

00:35trapping desperate individuals in a vicious cycle of debt.

00:39A chillingly effective scam now involves mule accounts.

00:43Loan sharks deceptively offer to clear existing debts

00:47with unsolicited transfers or direct loan deposits into your account.

00:51The real danger? Gaining access to your personal banking details

00:55paving the way for continuous financial exploitation.

01:00This can escalate to physical threats like property vandalism

01:04using addresses gleaned from your compromised information.

01:08Emotional blackmail via untraceable WhatsApp messages

01:11further compounds the terror.

01:14These criminal networks operate through layers of intermediaries,

01:18making them incredibly difficult to trace.

01:21Shockingly, they often prey on vulnerable communities,

01:25including drug addicts in remote areas,

01:28unaware of the legal ramifications,

01:30using them as pawns for intimidation.

01:33The police have confirmed this disturbing reality.

01:37Imagine the terror.

01:38A sibling who never took a loan,

01:40along with their elderly father,

01:42was targeted with threats of physical violence,

01:45all because a brother borrowed a mere RM1,000.

01:48Police confirms scammers often pose as legitimate institutions,

01:54using official bank logos and deceptive online ads

01:57to lure unsuspecting victims.

01:59Cyberbullying takes a sinister turn

02:01when it comes from these faceless entities seeking financial gain,

02:05preying on those in dire need.

02:07A single moment of misplaced trust,

02:09a click on a suspicious link,

02:11a belief in an easy money promise,

02:14can unleash a lifetime of privacy invasion

02:16and relentless harassment by ahloes.

02:18The digital landscape has become the primary hunting ground

02:21for these modern-day loan sharks.

02:23Stay vigilant.

02:24Before you click,

02:25before you trust,

02:26remember that easy money from unverified sources

02:29often comes with a devastating price.

02:32Stay ahead of these evolving threats

02:34and get vital news you can trust.

02:37Follow Sinar Daily for more crucial updates.

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