LINKAXIA Networks is well-positioned to enhance the cybersecurity landscape in the local digital banking and financial sector, said its pre-sales vice president Victor Ch’ng.
Ch’ng said this in response to a recent report that 31% of banking consumers worldwide have experienced some data security issues, which include their bank accounts being hacked by unknown persons or their personal data being stolen.
Locally, a local English daily has also reported that money theft “involving dubious apps that plunder bank accounts are on the rise, and the people have been urged to be mindful of what they download.”
Ch’ng said that LinkAxia’s security platforms are already known to the banks and financial institutions in Malaysia and regionally.
“This year, we hope to be more aggressive in providing our services seeing that the country has seen the increase in the number of bank customers losing their hard-earned money through financial frauds and money theft,” he said.
The rise in money theft in recent years is attributed to the marked increase in cyber transactions in the region.
“We have worked closely with our principal in the past ten years to offer anything from Electronic Signature, Digital Signature and e-Closing to ID Verification and Authentication, Qualified Electronic Signatures and Virtual Room,” he remarked.
With the government presently looking seriously into the scams, LinkAxia is confident that it is able to go for tender for a number of projects.
“Malaysia can leverage on the experience of cyber security leaders in digital identity and anti-fraud solutions,” Ch’ng added.
“We will continue to work with the banking sector to leverage on our principal’s core strength in providing anti-fraud digital solutions which are also customer friendly from onboarding to login and transaction signing.”
Main photo credit: The Law Society
