Will A Banking "Kill-Switch" Deter Cybercrime Losses?

Dr Selvakumar Manickam, Associate Professor, Universiti Sains Malaysia

02-Mar-23 07:45

Will A Banking "Kill-Switch" Deter Cybercrime Losses?

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The government has made tackling cybercrimes a priority, with RM10 million allocated to the National Scam Response Centre in Budget 2023. The Prime Minister has also called for banks to provide a "kill switch" to allow users to freeze their accounts when suspicious transactions are flagged. We speak to cybersecurity expert Dr. Selvakumar Manickam for his recommendations to counter online fraud and scams.

Image credit: Shutterstock

Produced by: Shazana Mokhtar

Presented by: Chong Tjen San, Shazana Mokhtar, Wong Shou Ning

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Categories: government, technology, Law/Activism

Tags: online frauds, bank account security, budget 2023,

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