E-COMMERCE SECTOR NEED TO BE VIGILANT OF CYBER ATTACKS DURING FESTIVE SEASON - FORTINET

• Published date: 07 April 2024
• Author: ANAS ABU HASSAN
• Publication title: Bernama: The Malaysian National News Agency (Malaysia)

Fortinet country manager for Malaysia Dickson Woo said online retailers must adopt a proactive stance in cyber security as they are more frequently targeted compared to other industries

“Cybercriminals capitalise on the festive rush as shoppers may be more inclined to make hurried purchases, potentially overlooking security precautions.

“Neglecting to address these risks can leave consumers exposed to various dangers, including identity theft and payment information theft,” he told Bernama.

According to Woo, the retail and e-commerce sectors are attractive targets for cybercriminals due to the large amount of money and personal data involved.

“Failure to address cyber threats and neglecting data protection can expose consumers to risks like identity theft and financial fraud,” he added.

Lack of data protection, strategies to secure

Woo stressed that a lack of data protection in the retail sector can lead to identity theft, where criminals use stolen personal information to commit fraud or other illegal activities in the consumer’s name which can result in financial losses, damage to credit ratings, and a long and complex process to restore identity.

There is also the risk of unauthorised access to personal information, which can be used for...