Deputy finance minister Datuk Seri Ahmad Maslan has agreed that the use of debit cards for payments at cashless parking lots may not be secure and could cause data leaks to scammers, Sinar Daily reported.
According to the minister, debit card data could be accessed simply by using malware. “I agree with what was mentioned, so we have to continue to be careful, and [from] the figures I stated in the Dewan Rakyat regarding scam fraud [in] the country, almost 22,000 people have become victims and have lost around RM850 million,” he said.
“That number is high and we hope that people will always be careful, especially using cards that can be accessed using special software for accounts,” Ahmad Maslan said in a Dewan Negara session on Monday, in response to a question from Datuk Mohd Hisamudin Yahaya who asked if the data of debit card users is safe if they make payments at a cashless parking lot.
Throughout the report, the deputy finance minister did not go into detail how a scammer would access a customer’s card details from a contactless payment terminal.
Otherwise known as PayWave, the contactless card payment method is generally secure as the EMV chip technology in use for cards today generate a dynamic code for each transaction and prevents the cloning of cards, Bank Negara Malaysia stated in a Bernama report from 2017.
Additionally, PayWave transactions are typically capped to a maximum of RM250, above which a personal identification number (PIN) is required before the transaction can go through. That limit can even be lowered should the user want to do so, and so any transaction made without PIN, intended or otherwise is capped.
There is the potential for scammers to cover the actual PayWave terminal with a fake terminal for the purposes of theft, however that would make the hardware visibly altered. If that is the case, it would be best to call for assistance, or back out where possible.
Have you encountered any such attempt at scamming contactless transactions at parking lots, dear readers? Let us know in the comments sections.
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Typical malaysian leaders who talk about something but without details!
Perhaps he is alluding to the recommendation that motorist should continue using Touch and Go or Cash for parking?
Should open to other e wallet provider other than tng eg; boost,setel, grab. e wallet more secure.
Setel e-wallet does have ANPR parking at KLCC and other locations.
Other than Setel, there’s KiplePark under Kiple e-wallet, uses ANPR too.
Good heavens! Does it mean the new CC payment for tolls can be hacked by scammers?! So why is this useless shortsighted Gomen introducing thos unsecured way to pay? Wait a sec, werent they supposed to give for free?! What useless Gomen is this?!
Good advice Ahmad Maslan…I”m with you on this…most of us are already sceptical about this…Anthony Loke what are your solutions on this dont be so hasty announcing something without proper planning…so what are the payment mechanism then if you want to stop the monopoly…but for now TnG is still the best option
Lol. You TnG staff? Better pack your bags and leave….closing down very soon.
Suggest go back to the good old fashioned parking machine that issues ticket and the end user pay with cash at the counter manned by a real human being. It is a fool proof method, won’t reject your notes, accept coins and can even issue receipt. Cash is king.
yes support those dinosaurs era ticket payment machine prones to reject myr banknotes and worst not accepting coins…..
Agreed 100%
Scam duit rakyat lagi teruk.
If that’s the case then we shouldnt use our debit/credit card in mall right? Smarty
he just talk something without solution? and show how incapable he is? if this scam thing is true means everyday we got more victim?
What do you expect from him? He’s just enjoying the funny character that’s bestow upon him.
you mean lokr and rafizi…the clowns
this is why i agree with tng monopoly the toll and parking payment system. use a separate cashless card to avoid risking your main ‘atm card/credit card’ being exposed. but ok, you wanna have additional option for ‘visa/master card’, go ahead, anyway TNG is there to stay.
Debit card is not secure for any type of payments. Once the money is out, it’s gone. Use credit card instead, which you can dispute and demand investigation.
You can dispute through the issuing bank as well even if its a debit card, just that ppl feel the pinch, since it is hard cash from the acc and credit it something you wont be billed until the next cycle
never trust the words coming out of this person’s mouth.
AM has a reputation that preceeds him. But let’s give him the benefit of the doubt. If scammers clone your credit card, you can easily call the bank to cancel it and the illegal transactions do not need to be paid. There is a credit limit anyway. However, if it’s debit card, all your savings will be gone and more difficult to get back.
Should follow Singapore system, they been using for years without problems
Some parking need to pay TnG surcharged for nothing. Real scam. Demolished this BS.
End user point of view… Yes its a BS when comes to surcharge… Due to this outcries over surcharge… Many land owner or carpark operators decided to put signs at their rate board saying “no surcharge”… Sounds good right? But here’s the catch, they then increase the parking rate instead n we end user will always lose. Their land, they are the boss mah right?
Ahmad Maslan is really should just stay at home and cook kangkung. Paywave has been around for so long and if it’s insecure it won’t affect just the payment of parking but every single point of transaction that uses a card. Furthermore card holders are only liable up to RM250 for any unauthorised transactions. And nowadays bank are really proactive when it comes to credit/debit card fraud detection.
Thats the beauty of politician statistic data. 22k people have been scammed. Yup the figure might be correct be he is misleading. 22k people have been scammed but how many of those actually related in CC or debit card scam involving paywave terminal?
Come one lah minister/deputy minister……nowadays more and more people are smarter than almost all politician which includes you. Why not comes out with statement that matches the people level of thinking.
To solve this problem simple. Do not use credit card, that means no more toll. Abolish the toll so nobody need to use any payment.
This is THE best remark of all.
No need to pay parking anywhere. Make it free
Parking does not accept TnG reload on IC. Why?
“Scammers to cover the actual PayWave terminal with a fake terminal for the purposes of theft, however that would make the hardware visibly altered”. How would i even know whether its real/fake when its my first time using the terminal?
As long as there is no enforcement and punishment scammers will be evolving with AI next. Should not the law be ahead of the crime? Malaysia wants to be the first in all why not develop laws against scammers ?
Every day sadly news of thievery in the headlines. I have a suggestion if the service provider should introduce and link our fingerprint to payments.The banks use such for authentication right at the branches?
Just scan your thumbprint like you do to unlock your phone for payment. How hard to install a thumb print scanner linked to the jpn registry that is tagged to your bank account verified by lhdn. Ok for non Malaysians maybe they need their records tagged to their passport details with immigration and issue them a govt regulated touch n go card perhaps. Them govt can trace their financial activity and movements.
This should be the new touch and really go… While they thinking about the perfect mechanism can they first ban all hid lights for good again.
Ahmad Mazlan…..IQ 3.85 ….tahap “goreng pisang”
wait, i never heard anyone lost their money after pay at parking lot using debit card. have you? if yes, where the news?
No matter what reason, don’t use debit card, since it tied to your account