The "Failure to do so" statement gave it all away. |
Technology & Vulnerabilities
Amidst all this,
technology in itself may pose a danger to us especially in terms of security
and privacy. Isn’t it scary when you find out that your account has been hacked
into? Can you guarantee that no individual will be able to figure out your seemingly
impossible password?
Yes, life is easier but it’s hard to ensure that our
security is not compromised.
The same applies
to digital banking, a service that has been constantly growing in acceptance
over the years. Introduced to the public
in 2000, it received mixed reviews by critics and users alike. The idea of
banking in the virtual realm back then seemed foreign to people as it was still
in its infant stage.
“Amongst the
concerns raised by users, many questioned the safety of submitting personal
information via the internet, along with making online transactions,” said Alan
Ang, CTO of a technology company. “There
were a few high profile online fraud cases that hit the headlines, causing many
to reconsider their choice to transact online,” he explained.
Always ensure that the website URL is valid and if possible is HTTPS and not just HTTP. The S signify a "secured" connection |
Conversely, Malaysia
stepped up to the challenge to ensure the effectiveness of online security. Across the board, proactive steps were taken
legally as well as technologically in order to improve web security and regain consumer
confidence along the way. Fast forward to our time, the effort has not gone unnoticed
as the flourishing digital banking and e-commerce systems have impacted
millions of lives besides earning the trust of its users.
Convenience
Convenience
Digital banking is a service that many cannot without nowadays. Considering the hours
that a typical urban Malaysian work, it would be really time consuming having to go to multiple
locations to run errands and to sort bills.
Digital banking allows them to do it at any time of the day (though some bank taken a step further by limiting transaction beyond 11pm), and at any
location, without having to drive, park and wait in line.
This convenience provide users with an added sense of security and confidence, being able to make various
payments without having to physically carry and transfer large amounts of
cash. Considering the public’s concern
about petty crime on the street, being able to do banking on phone
regardless of time and place can be comforting for most. Digital banking really does allow them to keep
a distance from potential harm’s way.
Today, the convenience of digital banking goes beyond
services like loan repayments, statement reporting and fund transfers. Almost every single bank in Malaysia is
caught up in the race to provide not only one of the best online banking
services, but to also make certain that their security system is top notch.
Protecting the privacy and security of their users is of utmost importance.
Whilst we enjoy the benefits of online banking such as paying bills and taxes,
purchasing tickets for movies or flights, and even shopping online, it is
definitely good to know that our money is in the hands of people whom we can
trust.
The banking portal is a practical tool for everyone
and anyone, be it youths or adults, employers or employees. With some banks that feature mobile apps for smart phones, they can do transactions,
transfers and purchases anytime and anywhere, without the fear that my security
and privacy is compromised.
The Bottom Line
There is no denying the fact that digital banking and
e-commerce are growing in popularity and Malaysians are welcoming this change
with open arms as they now find digital banking the better option. But as we
embrace this new system, it is essential to note that security will always play
a crucial factor and it is good to know that it has not been neglected by the
banks in Malaysia. New and improved online banking security will not only take
digital banking to the next level but will also win the confidence of existing
and new users.
Enjoy the convenience of digital banking today! Get yourself to the nearest Maybank branch and activate your Maybank2u account now. For more information, visit www.maybank2u.com
I honestly still can't believe that people still fall into the trap of phishing attacks. If it's too good to be true, leave it alone. No one gives away free money or gives away a lot of money for some small task. It's sad people continue to play on our need for money in this world.
ReplyDelete