IPAY88 today reported that a cyber security incident has occurred, where card data may have been potentially compromised.
“Upon discovery of the issue, we immediately initiated an investigation on May 31, 2022, and brought in cyber security experts to contain the issue.
“The containment process was successfully completed and no further suspicious activity has been detected since July 20, 2022,” it said in a statement.
To ensure the continued safety of the card data, the online payment platform implemented various new measures and controls to strengthen the system’s security against any further incidents.
Investigations are ongoing and iPay88 is working closely with the authorities and relevant parties.
“More updates and detailed findings will be shared in due course. All financial institution partners have been informed and kept up to date.
“We will continue to monitor the situation closely and ensure the safety of the cardholder data,” it concluded. — TMR/ pic source: Source: iPay88’s Facebook