News & Reviews:   Malayan Banking Bhd

Previously, we reported that Bank Negara Malaysia (BNM) told banks in our country to migrate from OTP to more secure authentication. Today, Malayan Banking Bhd (Maybank) has pledged its commitment to the call and will fully replace OTP via SMS with its Secure2u authentication system by June 2023.

Malayan Banking Bhd (Maybank) has warned its consumers to be wary when making online transactions as scammers are now utilising new and sophisticated scam tactics to trick them. These include creating fake apps, phishing sites and creating scam ads on social media.