Fake news about breach of security involving Malaysian credit cards? Can the Malaysian authorities act against them?

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Got this from a trustworthy source:

Checked with global head of cards. It’s a marketing tactic bordering on blackmail, similar to how environmentalists run smear campaigns against plantations…

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https://www.thestar.com.my/business/business-news/2020/03/06/singapore-malaysia-credit-card-details-dumped-online-in-massive-data-breach

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