Continue reading on DataGuidance with:
Free Member
Limited ArticlesCreate an account to continue accessing select articles, resources, and guidance notes.
Already have an account? Log in
Create an account
Join our community for free to access exclusive whitepapers, reports, and regulatory information.
Malaysia: BNM addresses potential iPay 88 data breach
The Central Bank of Malaysia ('BNM') published, on 12 August 2022, a statement to provide reassurance that the national payment system remains secure, following a potential data breach incident announced by iPay 88 (M) Sdn. Bhd., a company providing payment gateway services to banks and merchants. In particular, the BNM highlighted that forensic investigations are ongoing and that the breach originated from and was confined to iPay 88's payment card systems, and does not involve vulnerabilities in the banks' systems. Furthermore, the BNM instructed banks to immediately notify affected cardholders of additional protective measures that will be taken to further protect them against risks of fraudulent or unauthorised transactions.
You can read the press release here.
Send us your Feedback!
Please let us know what you think of DataGuidance! It will only take 60 seconds and help us make the site better for you.
