Security
Kiplepay Cautions Users on Potential Data Breach Due to iPay88’s Incident
Kiplepay, an e-wallet service provider and a wholly-owned subsidiary of Green Packet, had informed its Kiple Visa Prepaid Card users via email of a potential data breach through a third-party payment gateway provider on 15th August 2022. The customer communication
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BNM Says iPay88’s Data Breach Does Not Involve Banks’ Systems Vulnerabilities
Bank Negara Malaysia (BNM) said in a statement that forensic investigations are still ongoing with regard to the payment gateway provider iPay88’s potential data breach incident. The breach originated from and is confined to iPay88’s payment card systems and does not
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Banks to Heighten Cybersecurity Countermeasures After iPay88’s Breach
Malaysia’s iPay88 revealed in a statement that it had experienced a cybersecurity incident where card data may have been potentially compromised. iPay88 said that upon discovery of the issue, it had immediately initiated an investigation on 31 May 2022 and
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Al Rajhi Malaysia Selects Feedzai to Bolster Security for Its Digital Bank
Al Rajhi Bank Malaysia (ARBM) has partnered with risk management platform Feedzai to integrate the latter’s RiskOps solution onto its platform. RiskOps by Feedzai is a fully integrated cloud offering which covers device authentication, malware defense, behavioral biometrics along with
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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
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BNM Doubles Down on Efforts to Combat Evolving Financial Fraudsters
Bank Negara Malaysia (BNM) steps up collaboration with banks and law enforcement agencies to combat the rapidly evolving threat financial fraudsters. The central bank said that it requires all licensed banks to adopt high standards of security, particularly for internet
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Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World
The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been thrust into a world of remote processes, and the need for technology that enables business continuity has never been higher. Businesses
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Why We Should Eliminate Passwords as Passwordless Authentication Is the Future
The computer password has been around for more than 6 decades. The first password can be traced back to 1961 in Massachusetts when a computer at MIT was protected with a password for secure login. Incidentally, MIT’s time-sharing system was
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Top Three Digital Fraud Prevention Trends for 2022
2021 was another memorable year. Organisations that built remote processes in response to the pandemic have spent the past year optimising and strengthening their systems to ensure a positive and secure customer experience. However, with identity theft, payment fraud, phishing,
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SecIron Ties up With CyberSecurity Malaysia to Boost Mobile App Security
SecIron announced a strategic alliance with Cybersecurity Malaysia (CSM) to boost awareness about the importance of securing mobile applications and IoT systems among businesses in Malaysia. The pandemic has especially resulted in most businesses going online which puts end users’
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