L 6.0.pdf - Vol 46(1/2019 PayWave Malaysia Threat Landscape 2018 – Based on Incidents Reported to CyberSecurity Malaysia “Technology is nothing

L 6.0.pdf - Vol 46(1/2019 PayWave Malaysia Threat Landscape...

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Vol 46 - (1/2019) e-Security | CyberSecurity Malaysia 2019 | Vol: 46 (1/2019) “Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they will do wonderful things with them” Steve Jobs PayWave Malaysia Threat Landscape 2018 – Based on Incidents Reported to CyberSecurity Malaysia
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Level 7, Tower 1, Menara Cyber Axis, Jalan Impact, 63000 Cyberjaya, Selangor Darul Ehsan, Malaysia. T: +603 - 8800 7999 F: +603 - 8008 7000 E: [email protected] Customer Service Hotline: 1 300 88 2999 Cyber999 Help Centre | My CyberSecurity Clinic | Professional Development (Training & Certification) | Product Evaluation & Certification (MyCC) | Information Security Management System Audit and Certification (CSM27001) | Malaysia Trustmark | Security Assurance | Digital Forensic & Data Recovery | Malaysia Computer Emergency Response Team (MyCERT) | Security Management & Best Practices | Cyber Security Research | CyberSAFE (Cyber Security Awareness for Everyone) CyberSecurity Malaysia is the national cybersecurity specialist and technical agency committed to providing a broad range of cybersecurity innovation-led services, programmes and initiatives to help reduce the vulnerability of digital systems, and at the same time strengthen Malaysia’s self-reliance in cyberspace. Among specialised cyber security services provided are Cyber Security Responsive Services; Cyber Security Proactive Services; Outreach and Capacity Building; Strategic Study and Engagement, and Industry and Research Development. For more information, please visit . For general inquiry, please email to [email protected] Stay connected with us on and
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WELCOME MESSAGE FROM THE CEO OF CYBERSECURITY MALAYSIA Dear Readers, The Internet is decisive technology of the Information Age, as electrical engine was the vector of technological transformation of today’s Industrial Age. This global network of computer networks, largely based nowadays on platforms of wireless communication, provides ubiquitous capacity of multimodal, interactive communication in chosen time, transcending space. As a significant example, the electronic payment system has gradually and progressively implemented to improve current traditional payment method. ‘Touch ‘n Go’ card and contactless bank card known as ‘payWave’ are such electronic system used for quite a while in Malaysia. Even though this payment method is growing positively, many of us still have concerns and questions on security matters especially the PayWave. Are these new technologies proven safe? Is it easier to hack? Will our data be exposed to electronic pickpocket? And what are the risk of identity theft? In this edition, in the article titled “PayWave” , the authors describe PayWave technology and security features. This is an opportunity for you to have a better understanding on the PayWave security features and simultaneously, equip yourself in advance, for your next purchases.
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