Malaysia

Over 20,000 cybercrime cases recorded amounting to RM560 million losses last year

Figure has increased from 13,000, equivalent to RM539 million, in 2019

Updated 4 years ago · Published on 11 Aug 2022 5:11PM

Over 20,000 cybercrime cases recorded amounting to RM560 million losses last year
Home Ministry Deputy Secretary-General (Security), Datuk Abdul Halim Abdul Rahman reveals that over 20,000 cybercrime cases amounting to RM560 million have been recorded in Malaysia last year. – Pixabay pic, August 11, 2022

KOTA KINABALU – Malaysia recorded over 20,000 cybercrime cases last year with losses amounting to RM560 million, said Home Ministry Deputy Secretary-General (Security), Datuk Abdul Halim Abdul Rahman.

He said the cases recorded included cyberbullying, falsification, hacking, phishing and email scams which were increasing each year.

“For the record, about 13,000 cybercrime cases with RM539 million in losses were recorded in 2019,” added Halim who did not give the figures for 2020.

“By 2025, the digital economy is expected to contribute about 22.6% to the country’s gross domestic product.

“Therefore, in Malaysia’s effort to develop itself into a nation that is driven by the digital economy, we need to identify the threats with the potential to affect the key targets and the economic sector in general."

He said this when officiating at the National-Level Key Targets Seminar 2022, representing Home Minister Datuk Seri Hamzah Zainuddin. 

The key targets refer to applications with vital output or services, which if destroyed or are in disrepair, could cause great losses to the country’s economy and defence, and also affect its image and government’s functions.

Halim said the need to have safe and secure cyberspace today was vital to raise the cybersecurity agenda in the interest of the country’s key targets.

“It is important for the owners or occupants of the key targets to always focus or pay attention to secure information from being leaked, more so from inside the installations.

“Strong cybersecurity is important while Malaysia is heading towards the fourth industrial revolution (IR4.0), which fully depends on digital technology.

“Any issue involving security can have an impact on the government, the country, social sphere and the community.

“While we move forward and live with technology, while smart cities are being built, and critical data sent to the database using the internet, the issue of cybersecurity should be placed at the forefront in the digital ecosystem,” he added. – Bernama, August 11, 2022

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