GMV helps Maybank, Malaysia’s biggest financial group, to protect its ATMs from cyberfraud

GMV helps Maybank, Malaysia’s biggest financial group, to protect its ATMs from cyberfraud

All sector reports show that, sadly, financial fraud is in vogue. In 2015 it was on the rise but in 2016 the trend has steepled. This is the result of increasingly sophisticated cyberattacks and the lack of proper security measures in many banks.

Banking companies are increasingly aware of the need of groundbreaking cybersecurity technology as the only way to head off economic losses or reputational damage.

Malayan Banking Berhad (Maybank), Malaysia’s biggest bank and financial group, mindful of just how serious this problem is, has placed its trust in checker ATM Security, GMV’s inhouse development, to protect its ATMs from malware attacks.

Checker is market leader in the security of financial self-service systems, now protecting over 100,000 ATMs in more than 18 countries around the world. The key to Checker’s success is simple: “Protection without interference”. Checker is capable of exerting cast-iron control over the system using a single product, consuming hardly any resources and without affecting system availability. It is also multi-vendor software, installable in the whole range of equipment made by the various vendors

It is vital now to take measures to head off a growing, everyday threat. Many banks around the world have installed ATM protection software. By now checker has without any doubt become the most widespread and powerful product on the market, helping banks all around the world to fend off the logical attacks of today and the new ones already hovering over us.

Major finance institutions like Maybank therefore turn to GMV to ensure such a critical aspect as the cybersecurity of their information networks and systems.