The Securities Commission Malaysia and Bursa Malaysia this morning reassured investors that the integrity of Malaysia’s capital market remains intact following reports of unauthorised access and trading activities for some online trading accounts.
In a joint statement, the SC and Bursa also advised brokers to immediately alert clients to reset their passwords and login credentials to enhance the security of their accounts.
They also said brokers should implement additional security measures to enhance authentication such as implementing multi-factor authentication and stricter password policies.
“Capital market regulators and brokers are on alert and remain vigilant, while working closely to ascertain the root cause of the incident, and to implement any further necessary measures,” they said.
Last night, a few brokers reported to Bursa Malaysia and the SC that they had detected unauthorised access and trading activities for some online trading accounts.
Citing a source in the stockbroking industry, The Edge reported that the hacking primarily originated from overseas, as indicated by the internet protocol addresses.
The breach reportedly targeted accounts without pre-approved online trading access, meaning transactions for the accounts would typically require execution through their respective brokerage firms.
A similar but smaller-scale incident occurred about six weeks ago.
