• Home
  • About Us
  • Guides

    Savings Calculator to calculate savings goals and basic savings projections

    Planning & Budgeting

    Investment Returns Calculator to calculate investment returns, investment comparisons and investment portfolio simulator

    Saving & Investing

    Guides to tackle financial debts in Malaysia for Free

    Tackling Debt

    Free Guides on Choosing and purchasing a vehicle in Malaysia

    Buying a Vehicle

    Free Guides on Purchasing a Home in Malaysia and avoiding crippling debt

    Buying a Home

    Free Guides On purchasing insurance in Malaysia safely

    Insurance

    Free guides to ensure a comfortable Retirement by planning your retirement

    Retirement

    All Guides Icon

    All Guides

  • Guides
    • Planning & Budgeting
    • Saving & Investing
    • Buying a Home
    • Buying a Vehicle
    • Tackling Debt
    • Insurance
    • Retirement
  • Calculators
  • Blog
  • Take Quiz
    • English
    • Bahasa Malaysia
    Have any questions?
    [email protected]
    RegisterLogin
    MultiplyMultiply
    • Home
    • About Us
    • Guides

      Savings Calculator to calculate savings goals and basic savings projections

      Planning & Budgeting

      Investment Returns Calculator to calculate investment returns, investment comparisons and investment portfolio simulator

      Saving & Investing

      Guides to tackle financial debts in Malaysia for Free

      Tackling Debt

      Free Guides on Choosing and purchasing a vehicle in Malaysia

      Buying a Vehicle

      Free Guides on Purchasing a Home in Malaysia and avoiding crippling debt

      Buying a Home

      Free Guides On purchasing insurance in Malaysia safely

      Insurance

      Free guides to ensure a comfortable Retirement by planning your retirement

      Retirement

      All Guides Icon

      All Guides

    • Guides
      • Planning & Budgeting
      • Saving & Investing
      • Buying a Home
      • Buying a Vehicle
      • Tackling Debt
      • Insurance
      • Retirement
    • Calculators
    • Blog
    • Take Quiz

      Planning & Budgeting

      Spotting a Scam during Covid-19

      • Posted by Multiply
      • Categories Planning & Budgeting
      • Date June 18, 2020
      Spotting a Scam during Covid-19 1 - Multiply - Planning & Budgeting

      The Covid-19 aid programmes seem to have scammers working overtime, with the authorities and many banks posting continuous reminders to warn the public about con artists trying to get your financial assistance into their accounts. 

      There are many scams out there and some of the common ones to look out for during this time are:

      • Bantuan Prihatin Nasional (BPN) SMS scam

      LHDN has warned that fake text messages are being sent from personal phone numbers telling the public they can get BPN and asking for their banking details to receive the payment. LHDN, which is responsible for BPN, said that they only send text messages from the numbers 62000 or 63833 and never ask for personal details through text messages.

      • EPF i-Lestari scam

      You are now allowed to withdraw from your EPF Account 2 under the i-Lestari programme. But beware, the website semakonline.com to apply for withdrawals is fake. EPF advises members to only refer to their official website, https://www.kwsp.gov.my/, or their dedicated i-Lestari website, https://ilestari.kwsp.gov.my/.

      • People claiming to be selling face masks and hand sanitizers

      Exploiting Covid-19 fears, scammers are pretending to sell these items but disappear with your money without delivering the goods. We advise you not to entertain these sellers and stick to buying the items at recognised physical or online stores.

      • Phishing for personal information

      As we all spend more time working from home on our computers, there have been many more phishing scams. In these scams, someone pretending to be from a legit company or organisation      tries      to get your personal information over the phone. A characteristic of these phishing calls is that it tends to be an automated call. Remember, most official calls from banks or public offices would not be automated phone calls. Be especially cautious if you’re asked for your personal banking or credit card information. Hang up the phone and call your bank to check on these “official calls”.

      • Using the coronavirus to spread computer viruses

      These are scam emails pretending to give important information about Covid-19. The emails usually use clickbait in the subject line to trick people into opening the email and downloading dangerous files disguised as useful links. These files usually copy, delete or edit private information on your computer once they’re opened or downloaded. 

      Top tips to protect yourself from scams

      1. Stranger danger! Be extra careful when approached by a person or ‘company’ selling something you haven’t ordered. You should be especially suspicious of any requests for money upfront.
      2. Don’t click links in emails/texts. It’s also important to remember not to call the phone numbers or click on links in emails or text messages. If you’re unsure if the message is real, try and search for the phone number or website of the organisation and ask them yourself.
      3. Check the URL or email address. Look at the website address, or the full email address of the sender. Although the sender’s “name” may appear real, it’s harder for scammers to hide behind email addresses. For example, you may see Visa* appear as the sender’s name, but their email address is [email protected], which doesn’t look like a trusted organisation at all!
      4.  Look out for the “rush”. Are you being panicked into acting quickly before an offer runs out? Or have you been told your money isn’t in a safe place and you need to move it to another account as soon as possible? Scammers do this to make you worried so that you’ll be encouraged to take up their con. Keep your cool and don’t let yourself be forced into doing something you shouldn’t! 
      5. If it sounds too good to be true, it probably is. Finally, if you’re offered a super cheap product, free advice or promised fast cash, it’s probably a scam. Let’s face it, it’s rare to get something without giving something in return, so don’t fall into the trap!

      If you think you’ve been scammed and need help, first contact your bank or the relevant company like LHDN or EPF and then make a police report. Another report may also have to be made to Bank Negara. Stay safe out there, everyone!

      Tag:Planning & Budgeting

      Share with:


      Admin bar avatar
      Multiply
      The Multiply Admin

      Previous post

      Can You Get Aid from the Government’s Economic Recovery Plan?
      June 18, 2020

      Next post

      Help! My Best Friend Tried To Sell Me Insurance!
      June 24, 2020

      You May like

      inflation
      How Do You Respond to Inflation?
      21 July, 2022
      EN Thumbnail
      5 Tips to Increase Your Salary
      23 May, 2022
      muslim people praying before having their food
      4 Ways to Avoid Overspending This Ramadan and Hari Raya
      15 April, 2022

      Search

      Latest Posts

      How Do You Respond to Inflation? 3 - Multiply - Planning & Budgeting, Saving & Investing
      How Do You Respond to Inflation?
      21Jul2022
      Should I Get A Motorcycle 5 - Multiply - Buying a Vehicle
      Should I Get A Motorcycle
      02Jun2022
      5 Tips to Increase Your Salary 7 - Multiply - Planning & Budgeting
      5 Tips to Increase Your Salary
      23May2022

      GUIDE CATEGORIES

      • Planning & Budgeting
      • Saving & Investing
        • ETFs
        • Unit Trust
        • Stocks
        • Investing Basics
        • Fixed Deposits
        • Savings
      • Tackling Debt
      • Buying a Vehicle
      • Buying a Home
      • Insurance
      • Retirement

      STAGE OF LIFE

      • Student
      • Families
      • Working Adults
      • Retirees

      Latest Guides

      5 Things To Check Before Investing in A Company’s Shares

      5 Things To Check Before Investing in A Company’s Shares

      Free
      What you need to know about ‘Buy Now, Pay Later’ plans

      What you need to know about ‘Buy Now, Pay Later’ plans

      Free
      What Do You Need to Know About E-Wallets?

      What Do You Need to Know About E-Wallets?

      Free

      Don't miss out, join our mailing list

      newsletter-subscribe-multiply

      logo-multiply-learn-investing-for-free

      [email protected]

      Information

      • Home
      • Blog
      • About
      • Contact

      Categories

      • Planning & Budgeting
      • Saving & Investing
      • Tackling Debt
      • Buying a Vehicle

      Categories

      • Buying a Home
      • Insurance
      • Retirement
      • All Guides

      Instagram Feed

      We are looking for people who are eager to make im We are looking for people who are eager to make impact in the nonprofit space. Join our team of dynamic individuals as we have new and exciting projects for Multiply.If you are passionate about uplifting and empowering communities, click the link on bio to find out more about the role.#hiring #multiply #creadorfoundation #malaysia #socialimpact
      We’re looking for people who are eager to create We’re looking for people who are eager to create movements in the social impact space. Join our team of dynamic individuals as we have new and exciting projects for Multiply and more.So if you are passionate about uplifting and empowering communities, click the link on the bio to find out more about the role.#hiring #multiply #creadorfoundation #malaysia #socialimpact
      Want to own a credit card? Here's what you should Want to own a credit card? Here's what you should consider before becoming a credit card user. To learn more check out the link in our bio.
      Faster, easier, cheaper. But you will have to fact Faster, easier, cheaper. But you will have to factor in key aspects of your situation before deciding on a motorcycle.Find out what they are in our latest infographic! Click the link in our bio to check it out.

      Multiply by Creador Foundation.

      • Privacy
      • Terms
      • Sitemap

      Facebook Google

      Login with your site account

      20 − seventeen =

      Lost your password?

      Not a member yet? Register now

      Register a new account

      five + 1 =

      Are you a member? Login now

      Language :

      • English
      • Bahasa Malaysia

      What's your spending style?

      Managing our spending can be tricky business. So tell us how you spend your money and we'll help you figure out how to make the most of it!

      1. How do you earn money?
      2. How were you managing your finances before COVID-19 hit?
      3. How has COVID-19 affected your spending overall?
      4. How did the movement controls (MCO/CMCO) affect your credit card spending?
      5. If you received Bantuan Prihatin Nasional (BPN) assistance, how did you use it?
      6. If you're taking money from your EPF account during the MCO/CMCO (under i-Lestari), how are you using it?
      7. The loan moratorium was helpful for me because:
      8. The holiday season is just around the corner. What do you have planned for year-end shopping?
      9. Have you planned your budget for 2021?
      10. How are you preparing financially for 2021?
      11. How do you think you'll manage your money in 2021?
      12. What do you think you need most to improve your finances in 2021?
      13. In 2021, my top financial goal is to:
      14. In 2021, my biggest financial worry is:
      15. In 2021, which areas of personal finance would you like to learn more about?
      clock.png

      Time is Up!

      Language :

      • English
      • Bahasa Malaysia

      Take our quizzes!



      What’s your finance personality?

      Latest


      What’s your spending style?

      Language :

      • English
      • Bahasa Malaysia

      Whats Your Finance Personality?

      Find out if you’re a Money Boss, Finance Cadet or a Finance Newbie by taking this quiz!

      1. It's the end of the month, you are thinking...
      2. Say you want to go shopping for fun, do you...
      3. So you crashed your car and it's going to cost RM1,000 to fix, you
      4. Your credit card statement is in and your reaction is
      5. After months of saving (see "sikit -sikit, lama-lama jadi bukit" really is true), you've got cash sitting in the bank. You then
      6. You're buying a new car (yes, imagine away - Toyota, Proton, or BMW). You take
      7. You are thinking of investing. What do you do...
      clock.png

      Time is Up!