Local banks team up to combat e-banking fraud

KUALA LUMPUR: In collaboration with 13 commercial banks, key member banks of the Association of Islamic Banking Institutions Malaysia (AIBIM), CyberSecurity Malaysia, the Malaysian Communications and Multimedia Commission (MCMC), and the Royal Malaysian Police, the Association of Banks in Malaysia (ABM) will run 2013 e-Banking Awareness Campaign. This six-month campaign is aimed to create awareness among the public on current e-Banking scams and avoid them becoming victims of such scams.

“As socially-responsible service providers, banks have spent large sums of their budgets every year to ensure the safety of the e-banking services we offer. Not only have we ensured up-to-date security systems and protection measures for customers, we have also constant monitoring as well as exchange of ideas and findings to keep ahead of the perpetrators of such crime,” he said.

According to Dato’ Sri Abdul Wahid Omar, the Chairman of ABM, the awareness programs were started few years ago by the individual banking institutions in the country and it had begun to decline last year. He added the campaign aims to create greater impact to fight against e-banking fraud and scams with collaboration between the banks and local authorities.

“Internet banking has grown steadily in Malaysia since it was launched in June 2000 and is now offered by 29 banks in Malaysia. The number of registered users has also grown over the years, rising from 3.2 million in 2006 to 8 million in 2009 and 12.8 million as at September 2012.” Abdul Wahid shared the information during his speech in the event.

The launch of 2013 e-banking Awareness Campaign was officiated by Abu Hassan Alshari Yahaya, the Assistant Governor of Bank Negara Malaysia yesterday at Sasana Kijang, Kuala Lumpur.

To know more about e-banking safety may visit bank websites or ABM’s website for more information of the campaign at www.abm.org.my.

by Alice Lee

Author: VSDaily Editor

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