CIMB introduces mandatory SecureTAC

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have introduced mandatory SecureTAC authorisation through its CIMB Clicks App for all FPX transactions of RM100 and above effective March 2023.

The bank, in a statement, said this was part of its migration exercise to SecureTAC to completely replace SMS TAC authorisations by mid-2023.

“CIMB urges all users who have yet to install CIMB Clicks to download it from official app stores and turn on notifications under Settings, to be able to approve transactions via SecureTAC,” it said.

CIMB said the enhancement was the latest to be introduced in recent months as part of a planned series of additional measures to combat financial scams, in line with Bank Negara’s directive to strengthen online banking security.

CIMB Group Holdings Bhd's chief executive officer of group consumer and digital banking Effendy Shahul Hamid said the latest initiative underscores its strong commitment to take all necessary measures to safeguard its customers’ interests.

“We will continue to place security at the forefront, and ensure our customers are able to bank and transact with us in the safest and most convenient of ways,” he added.

These measures include the implementation of the Lock Clicks ID feature, single registered device for CIMB Clicks authentication, call verification for first-time app logins and mandatory SecureTAC authorisation for CIMB Clicks Web transactions of RM100 and above.

Additionally, the SecureTAC feature will soon be made available on the CIMB OCTO App as well.