Public Bank enhances security measures against scams

This warning goes on the back of a recent social media scam that promoted small-interest loans.

Public Bank said that it has enhanced security measures against scams, including a recent low-interest loan scam on social media. 

To bolster security, the bank said that it already uses measures like transaction cooling-off periods and secure authentication methods. 

Managing Director and CEO Tan Sri Dato’ Sri Dr. Tay Ah Lek called for vigilance and to stay updated on scams.

The bank advised customers not to share sensitive information or pay upfront fees for loans, and to verify loan offers with legitimate financial institutions. 

Public Bank follows Bank Negara Malaysia's measures to combat scams and encourages responsible online banking practices.

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Customers are also advised to verify website authenticity through the padlock symbol and green address bar. 

Public Bank also warned against sharing "PBe Challenge Questions" answers and educates customers through various digital channels.