Maybank, one of Malaysia’s largest banks, has launched a new security feature called “kill switch” that allows customers to temporarily block the usage of their credit and charge cards in case of suspected compromise. The solution is an addition to the Maybank2u (M2U) access deactivation feature launched earlier this year. The kill switch can be activated through the Maybank2u web or Maybank MAE app, and all outgoing transactions on the blocked card will not be processed. Maybank’s group chief executive officer, community financial services, Datuk John Chong, said the bank aims to provide customers with a comprehensive solution that covers various angles of online banking security.
15 April 2023