Maybank to fully migrate from SMS OTP to Secure2U by June 2023

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Maybank to fully migrate from SMS OTP to Secure2U by June 2023
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Currently, 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. theSun sunbiz maybank OTP SMS news Banks

: 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.

Currently, Maybank only allows one Secure2u device per account holder to minimise the possibility of a customer’s online banking details being compromised or used by any third party. It said this is in line with the bank’s effort to prioritise at all times the safety and security of its customers’ funds and online banking transactions.

“The banking industry is committed to working together to combat financial scams which are increasingly prevalent in today’s digitalised environment,“ he said.

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