The Malaysian Government is stepping up its digital security measures in response to the increasing sophistication of cyber threats, including the use of advanced technologies like deepfakes in scams. The Malaysian Communications and Multimedia Commission (MCMC) is advocating for a 48-hour cooling-off period for first-time transactions to unknown accounts, which aims to give users time to detect and prevent potential scams.
This proposed digital measure is part of a broader strategy to strengthen cybersecurity infrastructure and protect public transactions from emerging threats. Additionally, the MCMC is emphasizing that cybersecurity should be considered a fundamental infrastructure investment rather than just an operational expense. The government’s initiatives reflect a commitment to enhancing digital safety and ensuring that financial transactions are more secure in the digital age.
