KUALA LUMPUR: Police have recorded 21,862 reports related to commercial crimes nationwide, resulting in losses of RM5.8 billion from January to October this year.

Inspector-General of Police Tan Sri Abdul Hamid Bador said the number of cases increased by 4.3 percent compared to 20,913 cases recorded in the same period last year.

He added 47.2 percent of cases this year comprise non-existent loan schemes, e-purchases, and Macau and African scams with the Internet used as a medium to find victims.

“The current trend of modernisation is contributing to a wide range of current cybercrime trends, which requires the police force to think out-of-the-box to meet the challenges ahead,” he said when closing a National Commercial Crimes Conference here yesterday.

About the conference, Abdul Hamid said it provided insights into trending strategies used to address cyber threats. The conference also helped enhance the skills of police officers handling commercial crimes, he added. – Bernama