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Cybersecurity: PKI Has Encouraged 350.7 Million Of Internet Banking Transactions

Cybersecurity: PKI Has Encouraged 350.7 Million Of Internet Banking Transactions


KUALA LUMPUR, June 10 (Bernama) -- The secured nation's Public Key Infrastructure (PKI) has encouraged 350.7 million of internet banking transactions last year.

Communications and Multimedia Deputy Minister Datuk Jailani Johari said according to the Central Bank Report, in comparison to 2005, the volume of transactions was 21.6 million.

"The trust and confidence in the internet banking is also a huge PKI success story," he said in his closing speech at a gala dinner in conjunction with the 2015 Asia PKI Conference here Wednesday.

PKI was a set of policies and procedures to establish a secure information exchange, and the early deployment of PKI and the enactment of various electronic transaction acts had been the contributing factors in the digital services transformation, he added.

Jailani said the digital services indeed, offered great and unprecedented opportunities and challenges.

"Whilst we see a lot of success in the domestic PKI domain, we have yet to harvest the great opportunity of cross border interoperable that could further stimulate and rejuvenate business development and investment activities across the region and the globe," he added.

Jailani also said Malaysia had taken a big step in raising the standard of Certificate Authority (CA), which was a digital certificate which certifies the ownership of a public key by the named subject of the certificate.

He said the Malaysian Communication and Multimedia Commission had mandated all the CAs to comply with the international Webtrust audit standard in the last three years.

He said it was part of government efforts to modernise the National Public Key Infrastructure and establish a trustworthy digital eco-system environment for the government, business and citizens.


Below you will find the official Certificates of Achievement from MCMC for successfully achieved Webtrust Certification

Certificates Webtrust




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