by DayakDaily Team
KUCHING, April 25: The Securities Commission Malaysia (SC) and Bursa Malaysia had received reports yesterday afternoon (April 24, 2025), whereby a few brokers have identified failed client logins or unauthorised access and trading activities executed via limited clients’ online trading accounts.
In joint statement, the capital market regulators stated that actions are being undertaken thus far to minimise the risk of further unauthorised access and/or trading.
“Capital market regulators and brokers are on alert and remain vigilant, while working closely to ascertain the root cause of the incident, and to implement any further necessary measures.
“We wish to assure all investors that the integrity of Malaysia’s capital market remains intact,” it said.
In response to the incident, the regulators advised brokers to immediately alert clients to reset their passwords/login credentials to enhance the security of their accounts.
All brokers are also urged to implement additional security measures to enhance authentication such as implementing multi-factor authentication and stricter password policies.
According to industry sources cited by The Edge, the hacking primarily originated from overseas, as indicated by the associated internet protocol (IP) addresses.
It reported that the compromised accounts supposedly lacked pre-authorised internet trading access, suggesting that the transactions for these accounts typically require execution through their respective brokerage firms rather than direct online trading.
The source also suggested that the breach predominantly occurred at the brokerage firms’ systems, rather than through individual investors’ login credentials.
The hacking primarily involved shares of Bina Puri Holdings Bhd and its warrant B, shares of Pos Malaysia Bhd, as well as certain Hong Kong structured warrants, affected investors reportedly said.
Malaysia’s two main providers of direct market access platform services for stockbroking firms N2N Connect Bhd and Excel Force MSC Bhd have initiated responses to the incident with N2N reportedly issuing security advisories to its clients, recommending security measures, including blocking identified high-risk IP addresses and implementing geo-blocking for non-Malaysian Ips.
Malaysia’s stock market is open as usual today, with Bursa Malaysia’s equities opening higher, in tandem with positive stock performance in US, despite the hacking incident yesterday. – DayakDaily
