CIMB to make SecureTAC authorisation compulsory for all fund transfers
In an effort to strengthen online banking security, CIMB has announced that it will make SecureTAC authorisation compulsory for all fund transfers done via CIMB Clicks Online Banking and the CIMB OCTO App. This includes Favourite transactions such as JomPAY, Pay Bills, Top Ups, transfers to own accounts, and more.
CIMB will implement the new security measure starting at the end of June 2024, and will be done in line with the regulatory direction to combat online scams.
Apart from the mandatory SecureTAC authorisation, CIMB will set the default transaction limit for newly registered CIMB Clicks and CIMB OCTO App users to RM5,000. Users can opt to increase the transaction limit via the CIMB OCTO App, but will be subject to a 12-hour cooling-off period.
Additionally, the Transaction Limit function on the older CIMB Clicks app will no longer be available.
CIMB is encouraging users who are still reliant on the CIMB Clicks app to shift to the newer CIMB OCTO app, as it offers a smoother and more holistic banking experience. As of 11 June 2024, the CIMB Clicks app is no longer available for download and has been fully replaced by the CIMB OCTO app.
For more information regarding the new CIMB security implementations, you can visit the FAQ page.
Read more of our articles below!
- FAQ: SecureTAC; one-tap approval security system via CIMB OCTO/CIMB Clicks APP for CIMB Clicks transactions and CIMB Debit/Credit Card transaction
- CIMB encouraging users to shift to newer CIMB OCTO
- Starting 11 June 2024, CIMB OCTO App will replace CIMB Clicks App; CIMB Clicks App no longer available for download
- Selected functions will be moved to CIMB OCTO
- Can continue using CIMB Clicks App for the time being; will eventually be phased out
