Business · Malaysia Bureau
Malaysia's online banking secure despite recent cyberattacks, says minister
Foreign Minister Zahid Hamidi has assured Malaysians that the country's online banking infrastructure remains resilient despite recent security incidents, including the Bank Rakyat hack. Authorities are actively monitoring and responding to cyber threats affecting the financial sector.
LSN Malaysia ·
DOHA, Nov 7 — Malaysia's online banking system and financial transactions remain secure despite attempted cyberattacks and the recent Bank Rakyat incident, Foreign Minister Zahid Hamidi said today.
Hamidi's assurance comes amid heightened concerns over cybersecurity vulnerabilities in Malaysia's financial sector. The Bank Rakyat hack marked a significant breach affecting one of the country's major financial institutions, prompting renewed focus on the resilience of digital banking infrastructure.
The minister emphasized that financial authorities have implemented robust security protocols to protect customer data and transaction integrity. He noted that investigations into recent cyber incidents are ongoing, with relevant agencies working to identify vulnerabilities and strengthen defences across the banking system.
Malaysia has increasingly become a target for sophisticated cyberattacks, reflecting broader regional trends in cybercrime activity. Financial institutions have been advised to elevate security measures and maintain constant vigilance against emerging threats. Authorities continue to urge the public to adopt safe banking practices and remain alert to potential scams.