Home > Mutakhir > General : Parliament: Nation Stands To Lose RM2.73 Billion To Cyber Crimes

General : Parliament: Nation Stands To Lose RM2.73 Billion To Cyber Crimes

November 10, 2011 17:37 PM

Parliament: Nation Stands To Lose RM2.73 Billion To Cyber Crimes

KUALA LUMPUR, Nov 10 (Bernama) — The nation stands to lose RM2.73 billion in the next five years if cyber crimes are not properly manage, the Dewan was told Thursday.

Deputy Science, Technology and Innovation Minister Datuk Fadillah Yusof said the estimated losses involved various costs such as privacy protection and cyber security.

He said based on police reports, the government suffered losses totalling RM22.3 million in 2009 and the sum increased to RM62 million last year.

Fadillah was replying to a supplementary question by Datuk Halimah Mohd Sadique (BN-Tenggara) who wish to know the level of national strength and preparedness in facing cyber crimes.

Meanwhile, Fadillah said the setting up of the Global Cyber Security Alliance (GSCA) could help manage cyber threat at an international platform to improve national cyber security capability.

“The Alliance could help focus on preventive measures to develop national preparedness in the face of the threats by international cyber hackers.

“It is to also improve the tracking and collection of data as proof of hacking activities by combining the effort of both the private and public sectors,” he said.

Apart from that, he said the alliance would also improve international cooperation through the private sector in handling national cyber security.

“The mission of GSCA is to strengthen national cyber security through private and public sharing for the benefit of members,” he said.


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