Public Bank prevents more than 1.12 mln customers from being victims of mule accounts

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Public Bank prevents more than 1.12 mln customers from being victims of mule accounts
Public BankScam RangerMule Accounts
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(Reuters) - Rugby Football Union's (RFU) board chairman Tom Ilube said on Friday he was stepping down, after it emerged that huge bonuses were paid to CEO Bill Sweeney and other executives despite the English governing body posting a record operating loss.

KUALA LUMPUR: Public Bank 's scam prevention campaign known as PB Scam Ranger has successfully prevented more than 3.42 million transactions totalling RM1.65 billion involving more than 1.12 million customers from falling into fraudsters’ mule accounts as of September.

Managing director and chief executive officer Tan Sri Tay Ah Lek said:"We continue to improve best practices when it comes to protecting our customers’ accounts. Tay reminded customers to remain vigilant and updated on the various modus operandi of scams and frauds. The bank said it uses a multi-channel approach via email campaigns, social media platforms, security alert light boxes, and online and mobile banking interfaces to educate its customers.

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Public Bank Scam Ranger Mule Accounts Tay Ah Lek

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