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iPay88, one of the largest payment companies in Malaysia, issued a statement Today, the company first discovered a cyber security breach on May 21st.
The Kuala Lumpur-based company, which provides payment gateway services to banks and merchants, described the data breach as “a sophisticated intrusion by an unidentified party.”
No, thanks to the ipay88 fiasco, my main credit card recorded a fraudulent transaction of 1 USD from a dodgy website. You should already block the card. This is where the process of debiting dozens of companies begins.damn it hurts
Henry #TeamNoPardon (@hewyk) August 12, 2022
iPay88 apologized “to the Malaysian citizens, business partners and merchants” and stated that as of July 20, no malicious activity or intrusion had been detected and from that date on, “all transactions through iPay88 will be It is fully protected,” he said.
In a statement, iPay88 said the cyber hack “particularly targeted card data for online transactions, including Android devices, e-wallet QR payments, online banking, BNPL, vending machines, and point of sale (POS).” Transactions made through PayPal were not affected.” , bulk card payment.
Founded in 2000 and acquired by Japanese system integration company NTT Data in 2015, the company now enjoys a 50% market share of all online transactions in Malaysia, with 30 million transactions per month. The transaction is processed and the total transaction value is RM2. 500 million.
The iPay88 cyber hack is the latest in a series of hacks targeting payment companies. Earlier this summer, digital payment technology provider Wiseasy was hit by a hack, with 140,000 of his Wiseasy payment terminals around the world being accessed by hackers.
Millions of users were also affected when Razorpay, an Indian online payment solutions provider, confirmed a security breach in May of this year.
iPay88, one of the largest payment companies in Malaysia, issued a statement Today, the company first discovered a cyber security breach on May 21st.
The Kuala Lumpur-based company, which provides payment gateway services to banks and merchants, described the data breach as “a sophisticated intrusion by an unidentified party.”
No, thanks to the ipay88 fiasco, my main credit card recorded a fraudulent transaction of 1 USD from a dodgy website. You should already block the card. This is where the process of debiting dozens of companies begins.damn it hurts
Henry #TeamNoPardon (@hewyk) August 12, 2022
iPay88 apologized “to the Malaysian citizens, business partners and merchants” and stated that as of July 20, no malicious activity or intrusion had been detected and from that date on, “all transactions through iPay88 will be It is fully protected,” he said.
In a statement, iPay88 said the cyber hack “particularly targeted card data for online transactions, including Android devices, e-wallet QR payments, online banking, BNPL, vending machines, and point of sale (POS).” Transactions made through PayPal were not affected.” , bulk card payment.
Founded in 2000 and acquired by Japanese system integration company NTT Data in 2015, the company now enjoys a 50% market share of all online transactions in Malaysia, with 30 million transactions per month. The transaction is processed and the total transaction value is RM2. 500 million.
The iPay88 cyber hack is the latest in a series of hacks targeting payment companies. Earlier this summer, digital payment technology provider Wiseasy was hit by a hack, with 140,000 of his Wiseasy payment terminals around the world being accessed by hackers.
Millions of users were also affected when Razorpay, an Indian online payment solutions provider, confirmed a security breach in May of this year.
