Bank Negara steps up collaborations with banks, law enforcement agencies to curb fraud risk

KUALA LUMPUR: All licensed banks are required to adopt high standards of security, particularly for internet and mobile banking services, which includes routine security reviews and advisories issued by Bank Negara Malaysia (BNM) to financial institutions.

The advisories include the need to enhance existing controls and ensure adequate protection against latest threats, while maintaining efficient services for customers, it said.