Banks
in Malaysia are highly committed in ensuring that
all transactions conducted through electronic banking
channels are secure and private.
A considerable amount of time and resources has been
invested in maintaining the customer's privacy and
ensuring account information remains safeguarded.
Among the steps banks in Malaysia have taken for the
electronic banking transactions are:
•
Certification by independent bodies
• Constant reliability tests
• Complex encryption technology
• Reliable firewall systems
• Anti-virus protection
• Constant security surveillance systems
• Regular security reviews by internal and external
security experts
• Compliance with the guidelines issued by Bank
Negara
The
banks that offer electronic banking also enhance protection
by educating customers on ways to minimise any breach
of security such as reminders never to reveal access
passwords to anyone else, a periodical change of passwords
and personally monitoring transaction history details
to ensure that no unauthorized transaction takes place
on your accounts.
Apart from ensuring that your account is not accessible
by unauthorised parties, another policy that all the
banks practise is the privacy of their account holder's
personal and financial information. The banks take
on responsible privacy standards to safeguard client's
confidentiality in the electronic environment. Any
information that the banks have on a customer is not
shared or disclosed to any third party or external
organizations.
