: Three associations representing the local banking industry are in full support of the five key measures to combat financial scams as announced by Bank Negara Malaysia .
“The online banking transactions could potentially take a slightly longer duration due to added security measures and checks. The five key measures include migrating from SMS one-time password to a more secure authentication method, such as via secure multi-factor authentication software or hardware tokens for certain transactions.
Lastly, banks will also have a 24/7 dedicated complaint channel/hotline for customers to report incidents or suspicions of scam/fraud, they noted.
My best measure to date is ignoring all unknown numbers calling me and straight to trash emails which I find dubious.
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