Security

Evolving Mobile Threats Brings Rise to New Multi-Layered Applications’ Security Measures

In today’s mobile-centric world, the convergence of mobile devices, applications, and the Bring Your Own Device (BYOD) culture has enabled users, businesses, and organisations to achieve enhanced productivity, flexibility, and convenience. However, this transformation has also exposed individuals and organisations

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CTOS IDGuard Prevented RM319 Million in Fraudulent Loans Since 2020

CTOS IDGuard, Malaysia’s national fraud bureau, has flagged RM319 million in potentially fraudulent loan applications since 2020, using GBG’s fraud and financial crime prevention engine. The system has screened nearly 7 million applications from member banks, which cover over 65%

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How the Financial Sector Can Capitalise on Consumer Security to Build Value

In the modern era, the average consumer spends around eight hours per day online, equating to a third of their lives. This ranges from work and shopping to socialising or merely relaxing, highlighting the ever-increasing relevance of online cyber security.

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Dynamic Data Streamlines Customer Experience, Fights Fraud in Digital Banking

As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and services seem never-ending. Furthermore, when it comes to financial services, there is an entire generation of consumers cropping up who have barely

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Alliance Bank’s New Credit Card Touted to Be One of the Safest in Malaysia

In recent times, there has been an unfortunate flurry of financial fraud cases such as scams, security breaches, unauthorised access to bank accounts and unauthorised credit card transactions. It was recently reported that losses from financial scams totaled RM39 million

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Are Biometrics Truly the Key to Securing Malaysia’s Banking Sector?

The cyberthreat landscape is never static. Phishing scams were already a pressing global issue for the banking industry, with Malaysia recording over 25,000 online fraud cases and RM850 million in losses in 2022. The well-publicised OCBC Bank phishing scams, too,

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TOPPAN IDGATE Offers Highly Secure Authentication for Digital Banking

Digital technology is increasingly transforming financial services. In the era of mobile devices, digital services through mobile apps have become part of our daily lives. The question now is whether one can trust the system to manage their assets and

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GHL Taps PayNet’s MyDebit Secure Card-Not-Present for Safer Online Payments

Payment solutions provider GHL Systems announced that it has enabled MyDebit Secure CNP (Card-Not-Present) from Payments Network Malaysia (PayNet) which is set to benefit over 1,500 of its online merchants. A CNP transaction is a payment card transaction made where

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Tune Protect Rolls Out Cyber Crime Insurance With Coverage up to RM10,000

Malaysian insurer Tune Protect announced that it has launched its first personal cyber crime insurance for individuals named Tune CyberSecure. With premiums from RM145 per year, Tune CyberSecure protects customers against cyber risks including electronic fund transfer fraud, online retail

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Alliance Rolls Out Dynamic Virtual Card With Single Use Numbers That Lasts 30 Minutes

Alliance Bank Malaysia has introduced its new dynamic virtual credit card to make online transactions more secure in partnership with Visa, CTOS Digital, RinggitPlus’ owner Jirnexu, mobile network operator YTL Communications (YES) and TNG Digital. A virtual card becomes available

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