Matrade warns of fraudsters impersonating its staff
It cites 'alarming' reports that companies have fallen victim to a syndicate and suffered financial losses by making upfront payments to third-party suppliers.
Maltrade, the Malaysia External Trade Development Corporation, has issued a warning to businesses about fraudsters impersonating its staff through email and WhatsApp. The scammers target vendors by posing as Matrade personnel and requesting sensitive documents to fabricate fraudulent letters of award and government purchase orders.
They also instruct awarded vendors to purchase merchandise and gift supplies from fraudulent sub-vendors before government disbursement. Matrade has lodged police reports and complaints with CyberSecurity Malaysia and the Malaysian Communications and Multimedia Commission for digital forensic investigations and enforcement action.
To avoid falling victim to these scams, businesses are advised to verify all procurement requests and ensure communications originate from Matrade's official corporate email addresses ending with @matrade.gov.my.
Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Matrade warns of fraudsters impersonating its staff freemalaysiatoday.com
- Business : MATRADE Warns Businesses Of Fraudsters Impersonating Its Personnel bernama.com