CCID: RM79.16 Million Lost to Cyber Attacks in 22 Days

Cyber threat losses reported to Bukit Aman’s Commercial Crime Investigation Department (CCID) reached RM79.16 million over just 22 days, from Oct 10 to Oct 31, Bernama reported on Friday (Nov 13).

The department received 16 police reports during the period, according to the report.

Cryptocurrency Cases Lead Cyber Threat Losses

Eleven of the 16 reports involved cryptocurrency, with losses totalling RM42.82 million linked to hardware security breaches and lost digital assets.

Two other cases involved funds that went missing from bank accounts, with losses of RM14.52 million and RM21.80 million respectively. One of these involved a company.

Bernama also reported incidents in which hackers broke into LED display screens in Kluang and Bandar Sunway and showed obscene content.

Computer Crime Cases Up, Losses Down

From January to October this year, offences under the Computer Crimes Act 1997 rose to 1,297 cases, compared with 1,174 cases in the same period a year earlier.

Total losses, however, fell to RM125.61 million from RM239.20 million, the report said.

CCID: Victims Must Report Cyber Attacks

CCID director Datuk Rusdi Mohd Isa said the department is investigating the cases and strengthening its digital forensics capabilities, particularly for cryptocurrency cases.

He said CCID is working with Bank Negara Malaysia and the National Cyber Security Agency (NACSA).

Rusdi urged anyone who has been attacked or targeted by hacking attempts to lodge a police report, even if they suffered no losses, so that police can monitor the situation.

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