#TECH: Maybank to migrate from SMS OTP to Secure2u to improve transaction security. [Newspaper] (2022)
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Abstract
Kuala Lumpur: Maybank will fully migrate to a more secured authentication method via Secure2u by June 2023 for online activities or transactions relating to account opening, fund transfers and payments as well as changes to personal information and account settings. This is in line with Bank Negara's steer for Banks to migrate from SMS One Time Passwords (OTP) to a more secure authentication for these transactions. urrently, Maybank only allows one Secure2u device per account holder (per customer) to minimise the possibility of a customer's online banking details being compromised or used by any third party.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Authentication technology, One Time Passwords (OTP), Online banking, Security mechanism, Cyber security, Mobile banking services |
| Taxonomy: | By Subject > Computer & Mathematical Sciences > Computer Technology and Networking |
| Local Content Hub: | Subjects > Computer and Mathematical Sciences |
| Depositing User: | Nurmaisari binti Che Anuar (Kuala Terengganu) |
| Date Deposited: | 28 Dec 2022 08:23 |
| Last Modified: | 28 Dec 2022 08:23 |
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