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14 Banks to Launch Money Safe Measures to Prevent Fraud This Quarter
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The Hong Kong Monetary Authority (HKMA) would issue three new guidelines on online banking security measures to banks today (14th), including the requirement for customers to use facial recognition or visit a branch to authenticate their identity for future mobile phone bindings or re-bindings, as well as the requirement to use banks' mobile app to authenticate for high-risk transactions, etc., according to the HKMA. Moreover, about 14 banks will introduce temporary measures similar to the “Money Safe” this quarter, and 3 of the note-issuing banks will be the first to introduce such measures this month, enabling elderly customers to lock up part of their deposits to prevent fraudsters from transferring their money. AAStocks Financial News |
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