Nearly half of Malaysians polled insecure about online banking security: study

Man using mobile payments online shopping and icon customer network connection on screen, m-banking and omni channel

KUALA LUMPUR: Almost 46% of Malaysian consumers felt insecure about security measures related to e-wallets and payment applications, according to the VMware Banking Consumer 2020 Study. 

VMware.Inc South-East Asia and Korea vice-president and managing director Sanjay K. Deshmukh said the numbers were higher for connected devices, with 53% doubting the security of smart devices with payment capabilities.