Online fraud: TH, intermediary banks urged to tighten conditions for withdrawals, says Rais

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KUALA LUMPUR, Jan 25 — Tabung Haji (TH) and intermediary banks have been urged to improve the security aspects of online banking, apart from tightening the conditions for online...

KUALA LUMPUR, Jan 25 — Tabung Haji and intermediary banks have been urged to improve the security aspects of online banking, apart from tightening the conditions for online withdrawals, following fraud where pilgrimage funds linked to conventional bank accounts of victims have been targeted.

He said this was among the matters decided in the joint meeting between the Select Committee on the People's Wellbeing and TH chaired by him today. He said the meeting also decided that the intermediary banks should prepare a report on the reimbursements given to victims of fraud, especially those related to TH, so that the issue could be monitored.

He said the meeting was held out of a sense of responsibility of the Senate - especially the select committee - to complaints of online fraud by the community, in particular those related to TH.

 

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