The company’s Southeast Asia general manager, Yeo Siang Tiong, said the increase in web threats detected in Malaysia is “a serious concern”, Bernama reported.

“Our latest data shows the growing sophistication of cybercriminals and the urgent need for individuals and businesses to continuously enhance their safeguards against cyberthreats,” he was quoted as saying.

Yeo said these threats also underscored the critical need for enhanced cybersecurity measures to protect individuals and businesses in the country.

Neglecting cybersecurity best practices can have severe consequences, including data breaches and financial losses as well as reputational damage and disruption of critical services, he said.

Yeo urged Malaysians to continue prioritising online safety and take proactive measures, stating that RM5 billion in losses were caused by cybercrimes from 2020 to 2024.

Staying safe online requires a multi-layered approach. Yeo said strong passwords, updating software and being vigilant against phishing attempts were just the first steps.

“You need to utilise robust cybersecurity solutions, so that you can significantly enhance your protection against cyberthreats.”

Cybercriminals turning to AI to scam public

Separately, cybersecurity solutions provider, Fortinet Inc, said cybercriminals, aided by artificial intelligence (AI), were now targeting unsuspecting consumers and vulnerable businesses.

The firm’s Southeast Asia senior director, Peerapong Jongvibool, said cybercriminals were quick to capitalise on increased online activity during the holiday shopping season.

He told Bernama that his company found a prevalence in AI-powered phishing schemes, website cloning software and “remote code execution” exploits, enabling faster and more effective attacks.

Peerapong was also deeply concerned over the ever-expanding array of resources available to cybercriminals on the dark web.

“Additionally, the growing accessibility of cybercrime-as-a-service has made it easier for even inexperienced attackers to exploit vulnerabilities during the festive season.”