ouch

Starting next month, no more TAC according to BNM.

starting next month?

didnt see BNM set a deadline though. they just put some guidelines and recommendations.

Huh... those old phone force to change?

Have to check my wife's phone Android version (Redmi Note 8)

RN8 is using Android 11

i'm using this phone as well, but not amonline app

Yeah, where can change so fast. This is Malaysia. They will drag another 6 mths or more if no deadline. Malaysia boleh.

Noted with thanks, you no account with them? Just her phone never update, only update one time during unbox

Looks like have to update if is not Android 10. Else the FD stuck there.

Now days phone can't use long due to the apps requirement.

Maybank To Fully Migrate To Secure Authentication By June 2023: CEO

https://www.businesstoday.com.my/2022/09/28...-june-2023-ceo/

Maybank said it 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.

The group said this will be in line with Bank Negara’s steer for Banks to migrate from SMS One Time Passwords (OTP) to more secure authentication for these transactions.

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. As an added security measure, Maybank alerts a customer via SMS, push notification, and email when Secure2u is registered on a new device.

...

Maybank will also introduce a cooling-off period when customers enable Secure2u on a different device to help prevent unauthorised Secure2u approvals by the fourth quarter of 2022. The cooling-off period before the activation of Secure2u on a new mobile device will provide sufficient time for customers to verify and report to the Bank in case of any unauthorised registration.

This post has been edited by cybpsych: Sep 28 2022, 10:38 AM

I think most people are making the wrong judgement on this matter, the culprits of this crime are smartphone and mole ,not TAC or SMS. That's why you seldom see elderly kena stolen money , because they don't use or don’t know how to use smartphone. If you force people to use smartphone or app then you will push those elderly or non tech savvy into high risk. So,i suggest bank/bnm should not directly/indirectly forcing people to use smartphone or app, you should take the risk if you prefer mobile banking.

Some cases also kena stolen money even the victim never activate online banking,then in this case the mole should be the culprit.

This post has been edited by cyclopcom: Sep 28 2022, 02:21 PM

This post has been edited by akhito: Sep 28 2022, 02:25 PM

Actually whenever there is any security update / patch, i will always run and install it. Where some old ppl say do not upgrade it as it slow down your phone. Im like ... ??? What? ~

Reason ambank set not gonna support those device below android 10 below, i guess its because, Android 10 and above has more security restriction.

can use pc≠ have access to smartphone ≠ know how to protect himself from scam ≠ know how to response when facing scam ≠ tech savvy ≠ willing to learn ≠ can ge rid of hack/scam after learn .

This is why so many young people kena hack/stole because they think they are familiar with technology and careful enough to prevent being stole, but the fact refute this, not to mention the elderly and non tech savvy.

old ppl don't want any changes to their phone... because the layout of android 9,10 and 11 is different.

previosly in worked in vaccination ppv... many old ppl cant display their booster digital cert coz they hv older mysejahtera version.

i said...you hv no choice...must update to latest version... they will take photo of the old cert first...in case after update... every thing will be gone!

yup.. they are paranoid in updating their phones.

u know can use pc without smartphone is almost nil right. when using new technology u should always be aware and learn not been ignorant. If BNM no depreciate sms otp then got sim spoof then I bet ppl will blame BNM do nothing to protect their money.

The Gabenor ald stated very clear that the practices are trading ease of use for security. And from security standpoint, security and ease of use always din go hand in hand.

Moreover, weakest link in security is human. If the user being ignorant no matter what system in place also no use. Wan secure without learning just don't touch online banking just like my old uncle that did not open online banking and visit bank counter to perform transaction.

This post has been edited by akhito: Sep 28 2022, 03:13 PM

Like some people still insisting on using Windows XP or 7. Lol.

Maybank just announced complete transition sometime middle of 2023, as expected.

Ouch.. thats... too much for XP hahaha but my work place still using Vista.. where 2 weeks ago, my boss baru upgrade other pc window xp to Window 10 (x.x)

Even HSBC also not safe?
I thought it happened to local bank only