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Former IGP: Security System For Malaysia’s Banking Industry Must Be Constantly Updated
(Image: The Star)
Former inspector-general of police (IGP), Tun Mohammed Hanif Omar has commented that the security system for the banking industry in Malaysia needs to be constantly updated with the latest technology to prevent hacks and intrusions on classified information.
Tun Mohammed Hanif said that although there is no specific or long-term solution to the issue, efforts should still be made to address such threats. “This (hacking of banking systems) is happening all over the world, even in the United States, China, Russia, as well as other countries. No one knows for sure (how to prevent hackers) from obtaining classified information. So, we have to ‘keep up-to-date firewall security’ systems and all this requires huge expenses to ensure the existing system is safe to use,” he stressed.
Monday, 21 Dec 2020 10:18 PM MYT
Tun Mohammed Hanif Omar said banks needed to be secured with the latest technology. Picture by Hari Anggara
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TAPAH, Dec 21 The security system for the banking industry in the country needs to be constantly updated with the latest technology to prevent hacks and intrusions, says former inspector-general of police Tun Mohammed Hanif Omar.
He said although there was still no long-term solution to the issue, efforts should be made to address the threats which occurred globally.
“This (hacking of banking systems) is happening all over the world, even in the United States, China, Russia as well as other countries. No one knows for sure (how to prevent hackers) from obtaining classified information.
21 Dec 2020 / 22:03 H. Pix for illustration purposes.
TAPAH: The security system for the banking industry in the country needs to be constantly updated with the latest technology to prevent hacks and intrusions, says former inspector-general of police Tun Mohammed Hanif Omar.
He said although there was still no long-term solution to the issue, efforts should be made to address the threats which occurred globally.
“This (hacking of banking systems) is happening all over the world, even in the United States, China, Russia as well as other countries. No one knows for sure (how to prevent hackers) from obtaining classified information.
“So, we have to ‘keep up-to-date firewall security’ systems and all this requires huge expenses to ensure the existing system is safe to use,“ he told reporters after the Retired Senior Police Association’s (Respa) charity visit to the Third Battalion of the General Operations Force (GOF) here today.
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