Kuala lumpur: Bursa Malaysia Bhd plans to release recommendations by the end of September or early October following a hacking incident on April 24 this year, as stated by chief executive officer Datuk Fad’l Mohamed.
According to BERNAMA News Agency, in April, several brokers informed Bursa Malaysia and the Securities Commission Malaysia of unauthorized access and trading activities involving certain online trading accounts. The hacker targeted accounts lacking pre-approved online trading access, which usually require transactions to be executed through their respective brokerage firms.
Fad’l Mohamed mentioned that the incident was quickly resolved, but emphasized the need for a comprehensive review. This statement was made during a press briefing on the exchange’s financial performance for the first half ended June 30, 2025. Bursa Malaysia has established an industry working group, led by chief regulatory officer Julian M. Hashim, to address technology and regulatory framework issues.
As an initial step, guidelines and advice have been implemented. Participating organizations are required to ensure multi-factor authentications are in place before the end of the year to mitigate similar situations in the future.