Bank Negara Malaysia remains highly committed to ensuring the banking system and payment channels were equipped with high security measures in an effort to combat rising threats of financial scams. — Photo by Ahmad Zamzahuri/Malay Mail
KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) remains highly committed to ensuring the banking system and payment channels were equipped with high security measures in an effort to combat rising threats of financial scams.
Deputy governor Datuk Marzunisham Omar said keeping the banking and payment channels secure and equipped with the latest security controls and fraud risk management capabilities is a priority for BNM and the financial industry.
“We will remain alert from time to time, update and heighten regulatory requirements and security measures to take into account new risks and modus operandi.
“BNM will continue to study the tactics used by scammers and will take the appropriate steps including to implement additional measures to address these new tactics.
“Each and every one of us as individual banking consumers has a role to play. For this reason, financial institutions are stepping up efforts to educate and create awareness among their customers on the latest scam tactics and steps one can take to avoid becoming a scam victim,” he told Bernama in a recent email exclusive interview .
According to Marzunisham, the establishment of the National Scam Response Centre (NSRC) as a command centre to…
