A company lost RM1.9 million after its accounting system was hacked on March 24. A 41-year-old woman reported the incident to the Johor Police last week. Investigations found that the company had been using a ‘bulk payment’ method from a local bank to make monthly payments to its suppliers.
RM1.9 million loss
The company registered the supplier’s name, account number, and payment amount in the system. The company would then enter the payment value without changing the recipient’s name, account number, and click on the system to be sent to the bank for payment. The woman checked the payee on March 24 and found that ten payment transactions to ten companies had been transferred to an unknown party.
The police are investigating the case under Section 4(1) of the Computer Crimes Act 1997. The police advise the public to be careful in online payment transactions and ensure that every detail is checked before continuing with the payment.
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