Owners of smart phones who update their geolocation systems through social networking sites risk exposing themselves to property and corporate crimes. Federal Police (Bukit Aman) Commercial Crimes Investigation Department Director, Datuk Syed Ismail Syed Azizan, said many liked to update or check in their locations or activities through applications like 'Foursquare' and Facebook. "But such actions actually expose them into becoming crime victims after criminals obtain the information from the cyber world," he said recently.
He said there were also social networking site users who updated their current status by stating they would be leaving their houses for several days and such action risked the security of their houses. He said what was worrying was the possibility that their social sites were intruded into and the information used by criminals. Syed Ismail said updating positions or current activities also risked corporate crimes being carried out against individuals with status or holding important posts in organisations.
Corporate crimes in the business world could be carried out by those in the interest of business such as stealing data related to business to sabotage competitors, he said. He said 24 cases of hacking involving losses of RM3.3 million were reported between January and September this year.
Prior to this, Bernama reported Malaysian CyberSecurity Business Development head Mohd Anwer Mohamed Yusoff as saying the country recorded losses of RM2.75 billion in the last five years from cyber crimes specifically in the finance sector. - Bernama
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