Malaysian Credit Card Details Leaked

A cybersecurity startup company operating in India recently uncovered a massive data breach that hit credit cardholders in almost six countries in South East Asia.

The Countries where the data breach is suspected to have happened include; Philippines, Singapore, Vietnam, Thailand, Malaysia, and Indonesia.

It is alleged that most of the information compromised is very confidential in nature including details such as PIN and CVV.

The cybersecurity pundits said that the most affected country by the breach was the Philippines where approximately 172, 828 cards were compromised followed by Malaysia with 37, 135 cards being affected.

Nandakishore Harikumar, the Chief Executive Officer of Technisanct said that the data breach is likely to cause losses to car holders in the affected countries. He said that what’s more surprising is that “no one” is aware of the breach.

Computer Emergency Response (CERT) teams in the affected countries have consequently been notified to take quick action. However, Harikumar said that they were yet to receive any response from the officials from the affected countries.

Some affected countries that later responded noted that there have been increased cybersecurity cases especially in the banking sector.

The Monitory Authority of Singapore acknowledged the fact that it has experienced numerous cases of customers complaining of their banking information being stolen.

Who is affected by the breach?

According to cybersecurity experts, there has been a collective loss of data going on for more than six months contrary to a single occurrence. CEO of Technisanct, Harikumar said that there has been an increase of malware attacks on Point of sale (POS) machines in many countries. He also added that phishing networks have also been attributed to the loss of data in the breach.

This implies that banks cannot be solely held responsible for the loss of customer data. This is simply because they have limited control over the usage of customer credit cards. Security experts tend to lay blame on the carelessness of consumers who expose their bank information through third-party websites.

Technisanct findings were based on Bank Identification Numbers (BINs). Based on that information, the following banks were affected by the breach:

• CIMB
• Maybank
• Hong Leong
• Public Bank
• RHB Bank
• United Overseas Bank
• Citibank
• Standard Chartered
• Bank Simpanan Nasional
• AmBank
• Bank Islam
• Alliance Bank Malaysia
• HSBC Bank
• Bank Kerjasama Rakyat

It’s not the first time

It is also important to note that this is not the first time a massive data breach is happening. A few weeks ago personal information of passengers was leaked when the information subsidiaries of Lion Air were compromised.

The breach happened when the airline’s cloud storage was hacked. The hackers accessed the files of each passenger and exposed their details such as phone numbers, addresses, and passport details online.

At this point, it is not clear if the credit card details have been leaked and the exact banks that have been affected.

However, SCMP said that most of the cards affected were from top banks from the region. The best thing to do at the moment is to be more careful about how you store and share information related to your credit card.

Malaysian Credit Card Details Leaked
A cybersecurity startup company operating in India recently uncovered a massive data breach that hit credit cardholders in almost six countries in South East Asia.

The Countries where the data breach is suspected to have happened include; Philippines, Singapore, Vietnam, Thailand, Malaysia, and Indonesia.

It is alleged that most of the information compromised is very confidential in nature including details such as PIN and CVV.

The cybersecurity pundits said that the most affected country by the breach was the Philippines where approximately 172, 828 cards were compromised followed by Malaysia with 37, 135 cards being affected.

Nandakishore Harikumar, the Chief Executive Officer of Technisanct said that the data breach is likely to cause losses to car holders in the affected countries. He said that what’s more surprising is that “no one” is aware of the breach.

Computer Emergency Response (CERT) teams in the affected countries have consequently been notified to take quick action. However, Harikumar said that they were yet to receive any response from the officials from the affected countries.

Some affected countries that later responded noted that there have been increased cybersecurity cases especially in the banking sector.

The Monitory Authority of Singapore acknowledged the fact that it has experienced numerous cases of customers complaining of their banking information being stolen.

Who is affected by the breach?

According to cybersecurity experts, there has been a collective loss of data going on for more than six months contrary to a single occurrence. CEO of Technisanct, Harikumar said that there has been an increase of malware attacks on Point of sale (POS) machines in many countries. He also added that phishing networks have also been attributed to the loss of data in the breach.

This implies that banks cannot be solely held responsible for the loss of customer data. This is simply because they have limited control over the usage of customer credit cards. Security experts tend to lay blame on the carelessness of consumers who expose their bank information through third-party websites.

Technisanct findings were based on Bank Identification Numbers (BINs). Based on that information, the following banks were affected by the breach:

• CIMB
• Maybank
• Hong Leong
• Public Bank
• RHB Bank
• United Overseas Bank
• Citibank
• Standard Chartered
• Bank Simpanan Nasional
• AmBank
• Bank Islam
• Alliance Bank Malaysia
• HSBC Bank
• Bank Kerjasama Rakyat

It’s not the first time

It is also important to note that this is not the first time a massive data breach is happening. A few weeks ago personal information of passengers was leaked when the information subsidiaries of Lion Air were compromised.

The breach happened when the airline’s cloud storage was hacked. The hackers accessed the files of each passenger and exposed their details such as phone numbers, addresses, and passport details online.

At this point, it is not clear if the credit card details have been leaked and the exact banks that have been affected.

However, SCMP said that most of the cards affected were from top banks from the region. The best thing to do at the moment is to be more careful about how you store and share information related to your credit card.

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