Tag: Communication

Malaysia Aiming At Digital Identification System To Curb Fraud – Minister Deo

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© Nikkei Markets

KUALA LUMPUR (Oct 11) — Malaysia aims to introduce a national digital identification system to curb fraud, the federal Communications and Multimedia Minister Gobind Singh Deo said Thursday.

“The national digital ID would allow for trusted eCommerce transactions where both the seller and buyer are verified using a secure national digital ID system, eliminating elements of fraud and cheating,” Deo said at an e-commerce summit in Selangor.

The ministry is developing the system with the Communication and Multimedia Commission and Malaysia Digital Economy Corp.

Financial institutions and other stakeholders will be consulted soon, he added.

“I hope we can get something out by next year,” Deo said.

E-commerce contributed to 6.1% to Malaysia’s gross domestic product in 2016, according to official data. 

– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay

Malaysia’s Data Protection Laws To Be At Par With Global Standard-Minister Deo

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© Nikkei Markets

KUALA LUMPUR (Oct 04) — Malaysia’s data protection laws must be at par with global standard, the federal communications and multimedia minister said Thursday.

“We need to put in place a system to ensure data breaches don’t happen, and find ways to stop a breach immediately before it gets out of hand,” Gobind Singh Deo said at a digital advertising conference. “We have to reinvent departments that work with these regulations.”

His comments were in response to queries on when Malaysia would update its data protection laws to prevent breaches, and to be on par with the European Union’s General Data Protection Regulation enforced in May. 

– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay