Cyberattacks are becoming increasingly common nowadays as technology advances and more systems become connected to the internet, there are more targets for cybercriminals to exploit.
Also, the rise of the digital economy has created new opportunities for cybercriminals to profit from illegal activities such as ransomware attacks and data theft. All of these factors contribute to the growing prevalence of cyberattacks, making it more important than ever for individuals and organisations to take cybersecurity seriously.
Bernama reports that according to statistics from Cyber Security Malaysia (CSM), there were nearly 800,000 cyberattack attempts between 2017 and 2021. Deputy Minister of Communications and Digital, Teo Nie Ching, expressed concerns about the widespread nature of these attacks and the losses they cause to both the country and its people.
In the months of January and February of this year, there were more than 1,700 complaints involving scam calls each month, resulting in a loss of RM27 million, according to the National Scam Response Center (NSRC).
As a result, the CSM’s allocation has been increased from RM9 million in 2022 to RM23 million this year, and the NSRC will receive RM10 million.
We reported previously that the Communications and Digital Minister, Fahmi Fadzil, announced that the government aims to establish the Malaysian Cyber Security Commission to improve cyber security in the country.
He stated that the ministry will collaborate with agencies such as CSM to establish the commission.
Besides that, Fahmi also announced that Malaysia and Singapore will discuss holding annual Malaysia-Singapore round table discussions on cyber security to improve cyber security in both countries.
