Company loses RM1.9m after account system hacked

📆 05/04/2023 19:23:00
📰 theSundaily

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An initial investigation found that the company used a bulk payment method by a local bank to transfer monthly payments to suppliers. theSun theSundaily banking cybersecurity hacked transaction company suppliers Malaysia

: A company operating in Batu Pahat, Johor has suffered a loss of RM1.9 million due to a breach in their banking system, resulting in the company’s money being transferred to unknown parties.

He said an initial investigation found that the company used a bulk payment method by a local bank to transfer monthly payments to suppliers.

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