• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Fintech

iPay88 Says Cyber Hack Only Impacted Card Holders

Finance Magnates Staff by Finance Magnates Staff
October 7, 2022
in Fintech
0


iPay88, one of the largest payments firms in Malaysia, released a statement today regarding the cyber security breach the company first discovered on May 21st.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

The Kuala Lumpur-based company providing payment gateway services to banks and merchants described the data breach as “a sophisticated intrusion by an unidentified party.”

No thanks to that blardy ipay88 fiasco my main credit card has logged an unauthorised transaction of US$1 from some dodgy website. I have to block my card already. Here begins the process of unhitching my autodebit from tens of companies. damn painful

β€” henry #TeamNoPardon πŸ‡²πŸ‡ΎπŸ‘¨πŸ»β€πŸ’»πŸ“±βŒšοΈ 🏴 (@hewyk) August 12, 2022

With an apology “to the Malaysian public, our business partners, and merchants” iPay88 said that, as of July 20th, no nefarious activity or intrusions had been detected and since that date “all transactions through iPay88 have been fully secured.”

iPay88 clarified in the statement that the cyber hack “specifically targeted card data from online transactions. There was no impact on transactions made through the Android terminals, e-wallet QR payments, online banking, BNPL, vending machines, Point of Sale (POS), and batch card payment.”

Keep Reading

The company which was founded in 2000 and acquired by NTT Data, a Japanese system integration company, in 2015, currently enjoys a 50% market share of all online transactions in Malaysia, processing 30 million transactions a month, with a gross transaction value of RM2.5 billion.

Cyber Security Hacks in the Payments Industry Continue

The cyber hack of iPay88 is the latest in a long line of hacks targeting payments companies. Earlier this summer, Wiseasy, a digital payments technology provider, suffered a hack that saw 140,000 Wiseasy payment terminals around the world accessed by hackers.

Millions of users were also affected when Razorpay, the online payments solutions provider in India, confirmed that its security had been breached in May this year.

iPay88, one of the largest payments firms in Malaysia, released a statement today regarding the cyber security breach the company first discovered on May 21st.

The Kuala Lumpur-based company providing payment gateway services to banks and merchants described the data breach as “a sophisticated intrusion by an unidentified party.”

Related articles

Why choose Holle Goat Formula?

March 30, 2023

With SIC5 Around the Corner, Experts Weigh in on Possible Impact of Instant Payments in Switzerland

March 30, 2023
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

No thanks to that blardy ipay88 fiasco my main credit card has logged an unauthorised transaction of US$1 from some dodgy website. I have to block my card already. Here begins the process of unhitching my autodebit from tens of companies. damn painful

β€” henry #TeamNoPardon πŸ‡²πŸ‡ΎπŸ‘¨πŸ»β€πŸ’»πŸ“±βŒšοΈ 🏴 (@hewyk) August 12, 2022

With an apology “to the Malaysian public, our business partners, and merchants” iPay88 said that, as of July 20th, no nefarious activity or intrusions had been detected and since that date “all transactions through iPay88 have been fully secured.”

iPay88 clarified in the statement that the cyber hack “specifically targeted card data from online transactions. There was no impact on transactions made through the Android terminals, e-wallet QR payments, online banking, BNPL, vending machines, Point of Sale (POS), and batch card payment.”

Keep Reading

The company which was founded in 2000 and acquired by NTT Data, a Japanese system integration company, in 2015, currently enjoys a 50% market share of all online transactions in Malaysia, processing 30 million transactions a month, with a gross transaction value of RM2.5 billion.

Cyber Security Hacks in the Payments Industry Continue

The cyber hack of iPay88 is the latest in a long line of hacks targeting payments companies. Earlier this summer, Wiseasy, a digital payments technology provider, suffered a hack that saw 140,000 Wiseasy payment terminals around the world accessed by hackers.

Millions of users were also affected when Razorpay, the online payments solutions provider in India, confirmed that its security had been breached in May this year.



Tags: cardCyberhackHoldersImpactediPay88

Related Posts

Why choose Holle Goat Formula?

by Henry Smith
March 30, 2023
0

Share Tweet Share Share Email About Holle Holle makes organic baby food of Demeter quality. The company was...

With SIC5 Around the Corner, Experts Weigh in on Possible Impact of Instant Payments in Switzerland

by Fintechnews Switzerland
March 30, 2023
0

Instant payments are scheduled for rollout in Switzerland in the summer 2024, opening up new opportunities in payment transactions, digital...

Guide to Buying Property Insurance and Protecting Yourself from Roof Damage

by Ali Bajwa
March 30, 2023
0

Share Tweet Share Share Email There are several good reasons to buy property insurance. It protects your investment...

The Ethereum 2.0 Journey: From Beacon to Eternity

by Sixsense News
March 30, 2023
0

Last year September Ethereum blockchain entered a new phase in its Ethereum 2.0 journey. After launched the Beacon Chain in...

Marqeta Finds More Consumers Are Looking to Digital Solutions Like Crypto in Economic Downturn

by Francis Bignell
March 30, 2023
0

Marqeta, the global modern card issuing platform, has released its first Consumer Pulse Report. The report is based on the...

Load More

U.S. has millions of missing workersβ€”not because of COVID

March 30, 2023

Does the Insurer in California Have Any Liability When It Suggests or Recommends a Contractor for the Repair Work? | Property Insurance Coverage Law Blog

March 30, 2023

Swiss authorities reveal cost of Credit Suisse’s liquidity lifeline By Reuters

March 30, 2023

Petrofac, Hitachi Energy win €13B deal to expand offshore wind capacity (OTCMKTS:POFCF)

March 30, 2023

Evercore ISI upgrades says it’s time to buy WMT on improving traffic trends

March 30, 2023

Futures rise ahead of key inflation data as bank fears ebb By Reuters

March 30, 2023
Sixsense News

Β© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

Β© 2022 Sixsense News All Rights Reserved.