KUALA LUMPUR: Apex Securities has clarified that it is not among the brokers affected by the recent stock account hacking.
In an internal note to remisiers, the broker's executive director and CEO, Straise Chong, assured clients it has reviewed the orders placed on affected counters and confirmed they are genuine client transactions.
She added that Apex has implemented a proactive password reset measure as a precautionary step to further safeguard clients and remisiers.
According to Chong, the trading platform provider, N2N Connect, has confirmed its system has robust controls in place to mitigate risks.
"Let’s remain calm, stay vigilant, and continue supporting one another. Do not be swayed by unverified rumours.
"Our team is here to support you—please reach out if you need any assistance," she added.
Chong's message comes in response to "numerous calls and messages regarding rumours that Apex's trading platform has been hacked".
Following rumours and news reports about the unauthorised trading yesterday, the Securities Commission and Bursa Malaysia confirmed this morning it had received reports that certain trading accounts held at brokerages had been breached.
Failed logins to client accounts had also been detected.
In response, the regulators advised brokers to alert clients to reset their passwords and login credentials, as well as implement additional security measures such as multi-factor authentication and stricter password policies.
"Capital market regulators and brokers are on alert and remain vigilant, while working closely to ascertain the root cause of the incident, and to implement any further necessary measures.
"We wish to assure all investors that the integrity of Malaysia’s capital market remains intact. The market will open as usual on 25 April 2025. Capital market regulators are committed to ensure the marketplace remains fair and orderly," said the regulators' statement.
