Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 17): Credit reporting agency CTOS Digital Bhd has had access by its subsidiary CTOS Data Systems Sdn Bhd to Bank Negara Malaysia's (BNM) Central Credit Reference Information System (CCRIS) restored effective Wednesday, according to a bourse filing.

This comes after BNM imposed a temporary suspension of CCRIS access to all credit reporting agencies (CRAs) as a precautionary measure against potential cyberthreats on Oct 1.

The central bank had also requested all CRAs to conduct a review of their data infrastructure and assets with independent cybersecurity experts.

"CTOS has concluded a comprehensive and detailed review of CCRIS-related data assets and infrastructure with independent global cybersecurity experts as required by BNM.

"As Malaysia's leading credit reporting agency, CTOS has and will continue to make significant investments to ensure all data and information in possession are protected with world-class certified data security technology. Notably, CTOS' IT and data security frameworks, policies, procedures, and systems shall continue to be benchmarked against ISO 27001, as well as other global standards," the filing added.

On Oct 26, The Edge reported that CTOS completed and submitted its compromise assessment to BNM on Oct 20, and that there was no breach of its data infrastructure and assets.

Shares of CTOS traded down one sen or 0.52% to close at RM1.91, giving it a market capitalisation of RM4.2 billion.

Edited ByLam Jian Wyn
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