Security
Hong Leong Beefs up Security With Emergency Lock, Cooling Off Period
Hong Leong Bank (HLB) and Hong Leong Islamic Bank have enabled the Emergency Lock feature for both the HLB Connect online as well as the mobile banking app starting March 2023 onwards. With this new feature, customers can quickly block
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Touch ‘n Go Implements Security Features Laid Out by BNM Ahead of Deadline
Touch ‘n Go eWallet has successfully implemented all five mandatory safety and security measures imposed by the Bank Negara Malaysia to combat scams, four months before the June 2023 deadline. The first of the five key measures are the migration
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Maybank Debuts ‘Kill Switch’ Feature for Maybank2u and MAE App
Maybank has introduced the ‘Kill Switch’ feature via Maybank2u (M2U) web and the MAE app as part of its efforts to combat online scams. The kill switch feature enables customers to immediately deactivate their M2U access with a click of
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CIMB Debuts In-App Kill Switch to Suspend Accounts in a Suspected Breach
CIMB Bank and CIMB Islamic Bank has introduced a self-service ‘Lock Clicks ID’ feature which acts as a ‘kill switch’ for both its CIMB Clicks and CIMB OCTO apps. The new feature will enable customers to immediately freeze their online
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The Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
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OCBC Malaysia Rolls Out Kill Switch Available 24/7 to Combat Rising Scams
OCBC Malaysia has beefed up its security measures by introducing a kill switch that will enable its customers to immediately freeze their bank accounts and cards if there is any suspicion of fraud. Available 24/7, the OCBC Kill Switch is
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iPay88 Names Zainol Zainuddin as Its Chief Technology Officer
Payment gateway provider iPay88 announced that it has appointed Zainol Zainuddin as its new Chief Technology Officer (CTO). In his new role at iPay88, Zainol will be in charge of development, innovation and transformation of IT strategies. Additionally, he will
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TNG to Implement Bank Grade Security Measure Imposed by BNM
Touch ‘n Go eWallet announced that it has come forward to be the first startup and non-bank provider that has committed to voluntarily incorporate the five key measures which have been recently imposed on banks by Bank Negara Malaysia to
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Malaysia Sets up National Scam Response Center to Coordinate Rapid Responses
The Malaysian government has set up a National Scam Response Center (NSRC) to streamline coordination between agencies for rapid response towards online financial scams. The command center is a joint effort between the National Anti-Financial Crime Center (NFCC), Polis Diraja
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CIMB Beefs up Security Measures as Mandated by Bank Negara Malaysia
CIMB and CIMB Islamic Bank announced that it is on track to fully implement the enhanced security measures against scam as announced recently by Bank Negara Malaysia (BNM). The bank has already implemented SecureTAC approval via its CIMB Clicks app
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