With cybersecurity issues increasing worldwide, the need for protection is very important. Today, almost every information about everyone is available online. From our banking and financial details to our shopping expenditures, all this information would be very dangerous if it falls in the wrong hands. Hence, the protection of our data is now as important as ever.
According to reports, the top three digital security concerns in Malaysia were identity theft, banking fraud and internet viruses. Statistics show that there is a total of 16.7 million victims of identity theft as of 2017. Most of the victims did not realise they were a victim of identity theft till only after a couple of months. 16% of the victims only found out after three years.
In Malaysia, Dato’ Dr Haji Amirudin Bin Abdul Wahab, Chief Executive Officer of CyberSecurity Malaysia stated that from January to August 2018, there had been 217 cases of identity theft. He added that most of these cases involved fraudulent activities.
To help Malaysians feel more secured, CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s largest credit reporting agency, introduced CTOS SecureID, a cybersecurity solution that will protect consumers at home and on-the-go, to the Malaysian public at a launching event in Kuala Lumpur yesterday.
The launch of CTOS SecureID reaffirms that while cybersecurity threats do pose significant risks to the unprotected consumer, with the correct tools, one’s digital identity can be quickly and easily made safe.
Dennis Martin, Group CEO of CTOS Holdings said, “We are here to protect you. We do not use your information for any other gains. We comply with all regulatory rules. We have invested a lot of funds to ensure our systems are the best. All the data is encrypted, and we have several security levels. CTOS SecureID will let you know in real time if there is any suspicious activity with your profile.”
Signing up takes a matter of minutes and CTOS SecureID is able to instantly protect a consumer’s personal identity, digital data and financial information as well as provide alerts via SMS or email about changes in their profile, including new credit applications, missed payments, changes in credit limits and closure of credit facilities across all their accounts. These automated procedures allow suspicious account behaviour to be identified and proactively resolved without the consumer having to constantly and manually check and update various different sources.
Subscribers to CTOS SecureID will also receive support in the form of the latest information on scams and prevention tips, support for issues related to identity theft and up to four MyCTOS Score Reports a year. For RM99 anyone can now enjoy an annual subscription to CTOS SecureID and the peace of mind that comes with it.