Malaysian social media companies have new regulatory license to combat cybercrimes

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Malaysian social media companies have new regulatory license to combat cybercrimes
Malaysian social media companies have new regulatory license to combat cybercrimes

To curb the surge in cybercrimes, the Malaysian government said that social media businesses with over 8 million members will need to apply for a license starting on August 1.

In an effort to stop the rise in cybercrimes, the government of Malaysia announced that, as of August 1, social media companies with more than 8 million subscribers must apply for a license. In a statement released on Saturday, the Malaysian Communications and Multimedia Commission stated that the license was granted in accordance with the cabinet’s determination that internet messaging services and social media platforms must adhere to Malaysian laws that combat cyberbullying, scams, and sexual offenses.

The commission threatened to sue social media companies if they did not file for a license by January 1, 2025. Malaysia’s Minister of Communications, Fahmi Fadzil, announced last week that social media companies had received orders from the regulator to respond to the government’s concerns about harmful content and cybercrime on their platforms. Early this year, Malaysia revealed a substantial rise in dangerous social media content. The country encouraged social media companies, such as Facebook parent company Meta (META.O) and short video platform TikTok (8645.HK), to strengthen surveillance on their services.

At the moment, social media companies can be alerted by the communications regulator to content that violates local laws, but the platforms have the final say over what gets removed.

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