News & Reviews:   SecureTAC

In the near future, CIMB and Maybank will be moving their SecureTAC approval to their respective apps. This is part of the banks' to further safeguard your money from scam SMSes and is also, in line with the Bank Negara Malaysia.

In this short news, CIMB Malaysia just announced that from 19 March 2023 onwards, all FPX transactions above RM100 will require SecureTAC approval. This is in line with the regulator’s direction to combat financial scams.

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have announced that they are implementing several measures to strengthen the security of their digital banking platforms. Among the measures is a mandatory call verification process that will go into effect starting today (26 December 2022).

Following the directive by Bank Negara Malaysia (BNM) to move away from OTP to more secure authentication, CIMB Group has announced that it will cease the use of OTP by the first half of 2023. Instead, the bank will only use its SecureTAC for customers’ online banking authentication moving forward.