However, before you log on to your bank account using your smartphone or any other mobile device, stop - a cyber criminal may be lurking nearby, waiting to tap into your transaction and steal important data.

Cybersecurity Malaysia has advised mobile device users against using public Wi-fi to conduct their e-banking, online shopping or important company or personal transactions to avoid courting danger.

“Cyber criminals can easily sniff out important information such as credit card numbers, e-banking username and password via public Wi-fi,” said Cybersecurity CEO Lt-Col (R) Prof Datuk Husin Jazri.

“Mobile devices today carry confidential information such as company e-mail messages, product pictures and customer contact details. Like personal computers, they are vulnerable to spam, viruses, spyware, theft, loss and even phishing attacks.

“The confidentiality and availability of company data will be compromised if a mobile device is misplaced, stolen or hacked into,” he added.

According to Cybersecurity, Malaysia recorded RM2.75bil in losses due to cyber crimes between 2005 and 2010 with the financial sector being the worst hit.

Security technology company Symantec Corporation (Malaysia) said with mobile devices being a part of daily lives, it was easy to forget risks related to personal and corporate data.

Symantec’s State of Mobility Survey this year revealed that 67% of enterprises were already using or planning to use custom mobile applications in their daily operation and transactions.

However, the survey indicated that while one in five agreed that the risks of mobile computing were extremely high, 66% felt that the benefits were worth the dangers.

The survey also showed that organisations here had been impacted by mobile incidents, such as data loss, damage to the brand, productivity loss and loss of customer trust, amounting to an average loss of RM561,305 in Malaysia last year.

“We have reached a tipping point in business’ use of mobile devices. The trend is here to stay as companies find them (the benefits) extending expectations,” said Symantec Enterprise Director for Risk and Compliance (Asia Pacific and Japan) Eric Lam.

He advised both consumers and corporations on the need to take responsibility for the security of their mobile devices .

“For consumers, one way to stay safe is to avoid insecure environment for important transactions. If you can’t find a secure environment, save important transmissions until you can connect to a secure environment,” he said.

Source: thestar.com.my

Good day!
Maybank managed to resolved requery issues at 9.30pm. All transactions will be updated soon.
Once again thank you for your patience & understanding.

Warm regards,
iPay88 team

          Good day.
          We are regret to inform you that transaction processing for Maybank2U was facing some verification error when  the system sent requery to Maybank2U server. The transactions affected were from 12am - 12.30pm today(25/2/2012).
          Our technical team is working closely with Maybank2U’s technical team to troubleshoot on the requery problem. All transactions will be updated with latest status should the problem fixed by today. The worst case, our support team will update the status manually once we receive the latest report from Maybank on next working day.
          We sincere apologies for the inconvenience caused and thank you for your patience and understanding.
          
Warm Regards
iPay88 Team

By Nigel Chew

28 September 2011 - Entrepreneurs from all industries and walks of life gathered today to kick start DARE Bizstart 2011, the go-to event for all fortune seekers who intend to take their entrepreneurial skills to the next level, all while learning a thing or two from their peers. It also serves as a learning centre for aspiring entrepreneurs who want to start venturing on their own. 

The event began with an obligatory speech from the event’s chairman who introduced the event along with some of its keynote speakers, which included Green Packet Berhad’s CEO, CC Puan and CEO of the Multimedia Development Corporation (MDeC), Datuk Badlisham Ghazali.

Present at the event was iPay88, the leading online payment services provider in Malaysia. Acting as the event’s Platinum sponsor, iPay88 itself is a success story in the e-commerce sector, and it firmly believes in the entrepreneurial spirit, thus why it has invested in the event. 

Lim Kok Hing, Executive Director of iPay88 had this to say, “As the field of e-commerce is still very much in its infancy in Malaysia, there is much potential for prospective entrepreneurs in the country to venture out and establish their own online business, and we at iPay88 would like to assist in facilitating them with online payment services. DARE BizStart is an excellent platform for such prospective entrepreneurs to be nurtured and we are proud to be part of seeing them through.”

• Product Setup Fee: RM288
• Maintenance Fee: None
• Transaction Rate: 3.8%