Maybank strengthens online security with 12-hour cooling-off period for transfer limit increases starting July 31 

Quick Summary:

KUALA LUMPUR, July 17 — Maybank is introducing a new security measure to combat online banking fraud.Effective July 31...

Maybank’s cooling-off period joins other measures to fight online scams, such as replacing SMS one-time passwords and requiring a wait time for new online banking enrolments.

Customers could also activate the Kill Switch through the bank’s website or the MAE app.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Online security 12-hour cooling-off period Maybank Bank fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 18:46:42 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 197 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 21665359

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 4 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

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Publisher ID: #106

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