Company loses RM1.9m after account system hacked

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: staronline - 🏆 4. / 75 Read more »

Batu Pahat company reports RM1.9m in losses via money transfer to 'hackers'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,...
Source: malaymail - 🏆 1. / 86 Read more »