Bank Negara continually upgrades security measures to combat scams

KUALA LUMPUR: Tighter security controls will be introduced for the banking industry to deter criminals from scamming consumers, says Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus.

Noting the "concerning development" of rising scams and cybercrime globally and in Malaysia, she said the country's central bank would continue stepping up efforts to combat financial scams and to collaborate with other stakeholders.