Government invests in technology such as Artificial Intelligence and Machine Learning to keep up with technology evolving. In addition, the government should regulate eKYC in government sectors and agencies such as the National Registration Department (JPN) and Road Transport Department (JPJ) to promote the eKYC innovation among consumers.
The programme of cybersecurity for SMEs. Government agencies engage with academic researchers and industry players to develop high-quality cybersecurity solutions for SMEs with a limited budget and provide cybersecurity training and awareness for SMEs and all types of employees.
Regulation of Buy Now Pay Later (BNPL) is needed with market researchers estimating a transaction volume of over RM2 billion in 2022 alone. The regulation will prevent both businesses and consumer from involve with security threat.