Connect with us


“Another day, another data leak” – Data Breach At Major M’sian E-Payment Company Sparks Outrage


Ft Data
Source: Twitter & 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

It seems that as the days goes by, more and more data leaks are being reported by various companies as scammers look to acquire the data to either sell or use maliciously.

Recently, Malaysia’s largest online payment gateway was reported to have suffered a cybersecurity incident where the card data of some Malaysians may have been potentially compromised.

124623331 L


According to a statement by iPay88, they had immediately initiated an investigation on 31 May 2022 and brought in cybersecurity experts to contain the issue.

“The containment process was successfully completed and no further suspicious activity has been detected since 20 July 2022. To ensure the continued safety of the card data, we have implemented various new measures and controls to strengthen the system’s security against any further incidents.”

“The investigation is currently ongoing and we are working closely with the authorities and relevant parties on this matter. More updates and detailed findings will be shared in due course. All financial institution partners have been informed and kept up to date,” they added.


Why announce it more than 2 months after it happened?

The revelation by the company did not go down well amongst Malaysians who quickly called out the company for only informing the public now rather than a few months earlier after the incident had actually occurred.

One of the most vocal parties on the issue is Lembah Pantai MP Fahmi Fadzil who questioned why it took them more than 2 months to announce it. 

“They didn’t even mention how much data has been affected. Why so late? Don’t these kinds of companies think to notify their affected users immediately?”

In a Facebook post, Fahmi urged the government to amend the Personal Data Protection Act 2010 (PDPA) to compel companies to notify the authorities immediately when there is a data breach.

Fahmi 709299 20191015181745 909698 20200120223135


“If iPay88 is serious and genuine about handling this cybersecurity incident well, it should give financial compensation to all victims,” he stated.


Banks reaffirm that their cardholders’ data security is taken seriously

Meanwhile, the Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said that in light of the announcement by iPay88, they would like to reaffirm that banks take seriously the data security of their cardholders.

116508565 L


“The banks have taken additional countermeasures to protect cardholders from potential risks that may arise from this incident. These include, but are not limited to, heightening of real-time fraud monitoring to detect fraudulent and out-of-norm card usage behaviour,” they wrote in a statement.

“The banks have implemented robust multi-layer security measures such as dual-factor authentication to prevent unauthorised credit card and debit card transactions. Banks would contact their cardholders directly through the banks’ official channels should they detect unusual transactions which may require added verification.”

“ABM and AIBIM member banks wish to reassure their cardholders that they may continue to use their bank cards as normal,” they added.

What do you think of the whole issue?


Also read: PM’s Personal Telegram Account Gets Hacked & M’sians Have Sarcastic Responses

Collage 21

Source: 123RF
Source: 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

7 003 7 003
News14 hours ago

UPDATE: At Least 174 Killed in Crowd Stampede After Violence At Football Match in Indonesia

Violence broke out at an Arema and Persebaya Surabaya League 1 football match at a stadium in East Java, claiming...

Blood 1 Blood 1
News16 hours ago

Digital Blood Donor Card Now Available On MySejahtera & Can Be Added To Apple Health

According to Health Minister Khairy Jamaluddin, the digital blood donor card is now available on the MySejahtera application. In his...

Ft Claw Ft Claw
News16 hours ago

Indonesia Declares That Claw Machines Are Haram as it is The Same as Gambling

What appears to be a simple game to play where you test your luck in hopes of winning a prize...

1 003 1 003
News1 day ago

UMNO Leaders Want Dissolution Of Parliament, No Matter What!

UMNO leaders have confirmed that they want the dissolution of Parliament to take place this year, but whether or not...

2 007 2 007
News1 day ago

Zahid Says Flood Concerns Are A ‘Myth’, BN Ready For GE

Following UMNO’s consensus on dissolution of Parliament and a call for GE15 in the nearest time, UMNO President Datuk Seri...

Ft Umno Ft Umno
News2 days ago

Tajuddin & Alor Setar UMNO Chief Face 6 Year Suspension by Party For Going Against Leadership

It has just been reported that Member of Parliament for Pasir Salak, Datuk Seri Tajuddin Abdul Rahman and Alor Setar Division...

Feat Image Umno Supreme Council Ge15 Feat Image Umno Supreme Council Ge15
News2 days ago

UMNO Wants GE15 This Year, Ismail Sabri Will Propose Parliament Dissolution Date To Agong Soon

General Election 15 (GE15) is likely to take place this year as UMNO Supreme Council yesterday announced that it has...

Ft Fire Ft Fire
News2 days ago

M’sian Lecturer Who Asked His Students to Fill Up Inappropriate Sexual Survey Gets Fired by Uni

Last month, a former student of a local university in Johor shared the traumatic experiences she had with her former...


Latest Videos