The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have confirmed that a number of brokers have reported incidents involving failed client logins and unauthorised trading activities through a limited number of online trading accounts.
In a joint statement issued today, both regulators said they are working closely with the affected brokers to determine the root cause of the security breach. Immediate steps are being taken to strengthen account security and prevent further incidents.
“Capital market regulators and brokers are maintaining a high level of vigilance. Investigations are ongoing, and additional measures will be introduced as needed,”
the statement said.
All brokers have been instructed to promptly notify clients and advise them to reset their passwords and login credentials. They have also been urged to adopt stricter security protocols, including multi-factor authentication and more robust password policies.
“These actions are intended to minimise the risk of further unauthorised access or trading,”
the statement added.
Desplite the incident, both the SC and Bursa Malaysia assured investors that the integrity of the country’s capital market remains unaffected. Trading operations will continue as usual.
“We remain fully committed to ensuring that the marketplace operates in a fair, secure, and orderly manner,”
the regulators said.
The statement comes as a reassurance to investors amidst heightened concerns over digital security in financial systems.
