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Batu Pahat company reports RM1.9m in losses via money transfer to 'hackers'

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JOHOR BARU, April 5 — A company in Batu Pahat lost RM1.9 million via unauthorised transfers after the company's payment account system was “hacked” by unknown parties,...

JOHOR BARU, April 5 — A company in Batu Pahat lost RM1.9 million via unauthorised transfers after the company's payment account system was “hacked” by unknown parties, police said today.

A bulk payment method is a bank system that allows a payer to make multiple debit payments from a single debit account to a bulk list, such as staff salaries or payment to suppliers. Kamarul Zaman said that on March 27, the complainant checked the recipient of the bulk payments made on March 24 and found that there were 10 payment transactions to companies that had been changed on the bulk payment list.“The complainant believes that the company's bulk payment system was hacked causing the recipient's details to be changed to another party,” he explained.

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Hackers steal RM1.9mil from Batu Pahat company's accountBATU PAHAT: A company has suffered losses of RM1.9mil after hackers gained access to its bank account information and transferred the money to an unknown account.
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