Tackling flaws in cybersecurity

THE recent arrests of 11 members of a syndicate who hacked online purchasing systems using fake credit cards, raking in RM1 million underline the pitfalls of online shopping. It has set alarm bells ringing and the public must be vigilant when purchasing products from online stores. The proliferation of online shopping sites, which allow consumers to buy without leaving the couch, has made it trendy to pick up their favourite things in this manner, and anyone with a credit card and smartphone can get in the game. However, most people are oblivious to the dangers, especially when they have made up their minds about an item they desire. The issue, however, is about more than tracking down hackers who want to rip off consumers. The need to address Malaysia’s cybersecurity flaws is equally important. Exposure to cyber threats is higher now, as almost all organisations in the private and public sectors are increasingly relying on information and communication technology to run their operations and services, according to CyberSecurity Malaysia. A recent survey showed that Malaysia (46 per cent of respondents admitted that they have been victims of scams) is the most vulnerable to Internet scams compared with India, Singapore and Thailand. Six of 10 respondents said they had lost money, and the average financial loss per person came up to RM7,050. Clearly not a good sign, as it exposes the state of Malaysia’s cybersecurity. As the country’s cyber physical landscape continues to grow, we all have a responsibility to make cyberspace a safe, healthy and productive environment, especially for our children and youth. Fraud, For the full article click here

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