Highlights
More than half of Malaysians (55%) think it’s OK or normal for people to exaggerate their income on loan applications, significantly more than the global average of 39%
More than one in six (18%) of Malaysians believe it’s normal for people to deliberately misrepresent their income on mortgage applications
Falsifying insurance claims is viewed as the most taboo form of fraud, with close to half (49%) of Malaysian respondents believing it is not acceptable
Global analytics software leader FICO today shared its latest global consumer fraud research, revealing alarming attitudes toward first-party financial fraud both globally and in the Malaysian market.
Source: BERNAMA News Agency