The kill switch initiative announced by Prime Minister Anwar Ibrahim when tabling the Budget 2023 recently can prevent victims of scams from suffering hefty losses.
The "kill switch” would be introduced for customers to deactivate their bank account and the application access should they notice something peculiar or believe that they have been scammed.
Royal Malaysia Police secretary Noorsiah Mohd Saaduddin said other countries, including Singapore, are using such a system.
“The kill switch initiative will be introduced by Bank Negara through which people can prevent scammers or any unauthorised parties from accessing the bank accounts of would-be victims and causing a further outflow of funds.
“The police fully support the initiative. The kill switch is a self-service security feature that lets you protect your funds from online scams and enhances your online banking security. If you suspect that you are a victim of a scam, you can use the kill switch to temporarily deactivate your bank account,” she said in a statement today.
Noorsiah added that the police would also like to advise the people to be alert and careful when receiving link calls or telephone applications from unknown sources and they should not share their personal information or bank account details with anybody.
According to the statement, victims can immediately contact the bank or National Scam Response Centre at 997 if they realise that they have been scammed.
She also urged members of the public to check their bank accounts and phone number involved in such crimes through the website.
- Bernama
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