Identity theft top concern among Malaysians
Financial institutions may need to further improve their security systems to ensure that their customers’ personal data is safe, said Unisys Asia South vice-president and general manager Scott Whyman.
“Preventive measures that can be taken to combat identity theft (for example) include implementing the use of biometric data, such as fingerprint reading and iris scanning for validating online transactions,” he said.
According to him, fraudsters are always on the look out for “softer targets” — those that don’t possess tightened and up-to-date security measures.
