CURRENT

Bursa gives assurance unauthorised transactions limited, losses contained

28 Apr 2025, 12:23 AM
Bursa gives assurance unauthorised transactions limited, losses contained

KUALA LUMPUR, April 28 — Bursa Malaysia Bhd, in close consultation with the Securities Commission Malaysia (SC), today clarified that the losses resulting from the incidents of unauthorised access and trading activities executed on April 24, 2025, have been identified and contained.

These incidents, which involved online client trading accounts residing with a small number of brokers, have been identified and steps have been taken to prevent further occurrence, the exchange said in a statement.

“In addressing the consequences, the capital market regulators have worked with the industry to resolve the impact of the unauthorised trades in a fair and transparent manner,” it said.

Bursa Malaysia said it has initiated discussions with the affected brokers on how to manage the unauthorised trades.

“In the interim, Bursa Malaysia has issued a directive this (yesterday) evening to the relevant brokers in which the affected securities and proceeds will be retained for a period of 14 days or such time as necessary to facilitate investigations,” it said.

The unauthorised trades issue were confined to only Bina Puri Holdings Bhd and Bina Puri’s Warrant-B last Thursday afternoon. There were no other unauthorised trades since.

It said all brokers had been advised to strengthen their internal controls and cyber defence as a precautionary measure.

“A forensic audit of the relevant parties will commence to investigate the root cause of the incident and determine how the breaches occurred,” it added.

Bursa Malaysia reiterated that the robustness and security of its trading and clearing systems is intact, adding that the market remains accessible, and orderly for market participants.

— Bernama

What do you think?

Latest
MidRec
Media Selangor
About Us

Media Selangor Sdn Bhd (MSSB), a subsidiary of Menteri Besar Selangor Incorporated (MBI), is the official media agency of the Selangor State Government. In addition to the Media Selangor news portal (formerly known as Selangorkini & Selangor Journal), Media Selangor also publishes newspapers in Mandarin, Tamil, and English.

Properties
MS: f922288e558c3b7b1d99bd47484377b4
EN: cd68e718a4d41dc8ef70c9d27c60e1f1
ZH: 100cdec69db9bc7fd9f175cab704a072
TA: 7b60ca9b9b7a9838dc33c5db6fb6f38c
TV-MS: 5c53513d790774360d169f98c36ce619