CIMB to require SecureTAC authorisation for all fund transfers by end of June

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CIMB to require SecureTAC authorisation for all fund transfers by end of June
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Alzheimer's is the most common cause of dementia, which is a 'gradual decline in memory, thinking, behaviour and social skills' that can affect a person's ability to carry out everyday tasks.

Tinder, Bumble, and Hinge have turned into a ‘wasteland’ for Gen Z and millennials – and now many are breaking up with dating apps for goodBank Negara Malaysia had previously instructed that banks migrate from the existing SMS TAC codes to a more secure authorisation method for improved online banking security back in 2022. — AZHAR MAHFOF/The Star

This includes transfers made via Favorite transfers such as JomPay, mobile prepaid reloads, and bill payments, among others. SecureTAC approval had previously only been mandatory when making FPX transactions above RM100. Bank Negara Malaysia had previously instructed that banks migrate from the existing SMS TAC codes to a more secure authorisation method for improved online banking security back in 2022.

Additional security features include a new default transaction limit for own account transfers, which is set to RM5,000, and a mandatory 12-hour cooling-off period whenever an account’s transaction limits are increased.

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