Bank Negara Greenlights Resumption of Experian’s Access to CCRISby Fintech News Malaysia October 25, 2021 0 comments
Bank Negara Malaysia (BNM) has accepted the findings of the security assessment provided by Experian Information Services (Malaysia) Sdn Bhd (Experian) and is restoring Experian’s access to the Central Credit Reference Information System (CCRIS) on 25 October 2021, with immediate effect. Experian’s services and reports containing CCRIS data will then be available as normal to all businesses and consumers.
On 30 September 2021, BNM issued a temporary suspension of CCRIS access to all Credit Reporting Agencies (CRAs) including Experian as a proactive and precautionary measure due to a credible cyber threat.
In line with BNM’s directive, Experian conducted an extensive internal security investigation and engaged an independent global expert in cyber security to conduct a security compromise assessment.
All investigations have found no evidence of any compromise in Experian’s systems, servers or facilities. Experian has also actively supported BNM in their investigation by providing all relevant compromise assessment documentation as requested by the central bank on 14 October 2021.
Consequently, BNM has lifted the suspension of Experian’s access to CCRIS.
“As the first CRA in Malaysia to have its CCRIS access reinstated, Experian is currently working actively with clients and consumers to provide the support they may need to re-establish any information gaps they may have experienced over the course of this temporary disruption. Our goal is to enable them to return to business as usual expeditiously, with the highest level of service and commitment they have always received,”
assured Dawn Lai, CEO, Experian Information Services (Malaysia).
Experian continues to make its JagaMyID identity monitoring service available for free for 3 months to all Malaysians as a precautionary measure to help Malaysian consumers safeguard their identities on the dark web.
Consumers are encouraged to register for their free 3-month subscription to Experian JagaMyID at https://www.mycreditinfo.com.my/ before 31 October 2021.