Bank Negara Malaysia Assures Nation S Payment System Is Safe And Secure
The central bank maintained that financial institutions in Malaysia are equipped with strong authentication methods for online card transactions. This includes prompting users for additional confirmation for certain transactions that are considered to be “more risky,” which BNM says is significant for reducing the risk of fraudulent transactions from occurring. It further states that customers will not be liable for any fraudulent or unauthorised transactions that may arise from this incident, especially for purchases from overseas merchants....