Cybercrime incidents in Malaysia are on the rise, with 79% of organisations having been hit by ransomware and 48% reporting an increase in cyberattacks. The common types of cybercrime include fraud, e-commerce crimes, and e-financial crimes.
As a result of the quick development of digital technology, cybersecurity has grown more dangerous and challenging to manage due to the growing sophistication and complexity of cyberattacks.
The Star reports that Home Affairs Minister Datuk Seri Saifuddin Nasution Ismail has announced that the government is considering the implementation of a new federal law aimed at tackling cyber crimes.
The proposed law, which is expected to be presented to Parliament in July, has been deemed necessary due to the increasingly complex and dynamic nature of cyber crimes, which are not sufficiently covered by existing laws.
In response to concerns regarding cyber security threats and data leaks leading to fraudulent activities, the government is also considering consolidating multiple agencies into a single entity to better address these issues.
Saifuddin expressed the hope that the new law will gain bipartisan support.