Malaysia Trustmark introduced to M'sia e-commerce merchants and operators
The Edge (31 May 2012)

KUALA LUMPUR (May 31): The government is introducing the Malaysia Trustmark for Private Sector (MTPS) as a means of validating web security control of an organisation's website that was involved in e-business or e-commerce. In conjunction with that, CyberSecurity Malaysia in collaboration with the Ministry of International Trade and Industry (MITI) have organised a special awareness session to introduce the Malaysia Trustmark for Private Sector (MTPS) to e-commerce merchants and operators in Malaysia.

In a statement Thursday, CyberSecurity said the reason for the session was the realisation of the increase usage of e-commerce in Malaysia and the issue of trust as well as the need for reliable e-commerce transactions. "Information and communications technology (ICT) industry has experienced an exponential growth globally and in Malaysia with the strong policy support by the government and reliable infrastructure such as high speed broadband, ICT has become a part of everyone's lives. "Organisations use ICT to expand and sustain their businesses and consumers use it for various reasons and one of them is online shopping," it said.

CyberSecurity's chief executive officer Lt Col (R) Prof Datuk Husin Jazri said that the MTPS was initiated by CyberSecurity Malaysia to enhance trust in all e-commerce businesses in the country. "When organisations participate in MTPS, we will conduct an assessment of their e-commerce websites and transaction. "Once they surpass the assessment process, they will be awarded with the Malaysia Trustmark Certification," said Husin.

The Malaysian government through MITI has also appointed CyberSecurity Malaysia as the certifier of the Malaysia Trustmark for Private Sector. "Organisation that hold Malaysia Trustmark Certificates will be recognised as trusted and reliable e-commerce business and transaction merchants or operators," said Husin. Organisations benefit from the Malaysia Trustmark as it assists to build trust in Malaysia e-commerce environment, promote good practice in cross border transactions, expand business opportunities and tangible market incentives to distinguish them from competitors.

Meanwhile, for consumers, they will benefit in terms of strengthening the consumers' confidence and reliance, reduces consumer's risk of fraud and consumers would also enjoy the convenience of safe online shopping and services. "With the implementation of the MTPS, it will improve the competitiveness of Malaysian merchants in global market, enhance Malaysia's reputation as a country operating in conformance to high levels of security assurance that monitors e-business activities to prevent fraud and other online shopping scams and increase trust as well as security of e-business in Malaysia," it said.