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AmBank and Maybank announce full compliance with BNM security measures

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Both banks are taking similar steps to increase security Banking apps on mobile will be the key to validate online transations Maybank today announced that it has migrated to Secure2u for online banking services including bill payments and transactions involving DuitNow, FPX and IBG. This completes its implementation of measures to combat financial scams, as announced by Bank Negara Malaysia (BNM) last September. Maybank customers can now approve all online banking transactions and activities as well as update their personal information such as mobile number and address via Secure2u.

Banking apps on mobile will be the key to validate online transations

This completes its implementation of measures to combat financial scams, as announced by Bank Negara Malaysia last September. Additionally Maybank is enforcing a cooling-off period for first-time or different device enrolment of Secure2u, tightening its fraud detection rules for suspicious transactions, removing hyperlinks from SMSes, having a dedicated 24/7 fraud hotline for customers, and providing a self-serve Kill Switch to deactivate online banking access and block credit and debit cards.

Meanwhile, AmBank confirmed that it has adhered to all five BNM security measures ahead of the June 2023 deadline.

 

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