GXBank rolls out its first digital insurance product in partnership with Zurich. Cyber Fraud Protect provides scam protection up to RM20,000.
The scam protection plan is now available and you can sign up for the plan from as little as RM1 per month.Basic RM1/month– Max claim RM10,000 per year FAQ
, users with Cyber Fraud Protect can claim if cybercriminals gain unauthorised access to their online banking credentials without them knowing, and perform a fraudulent electronic transfer of funds from your account. This is based on users in good faith, transferring funds based on a deceptive email or unknowingly providing online banking credentials or card details in response to a phishing email or unauthorised methods.
As mentioned earlier, Cyber Fraud Protect can provide reimbursements for loss of money for unauthorised transfer of funds from other Bank accounts, loss of funds in a digital wallet with an online merchant and fraudulent unauthorised online transactions by a third party that are charged to your credit/debit card.As part of its introductory promotion, GXBank is offering the Cyber Fraud Protect Basic plan for free for the first month.
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