KUALA LUMPUR, February 18, 2020 – CTOS launches CTOS SecureID, a fraud protection and credit monitoring service to combat the growing problem of identity theft, fraud, and scams, as well to help monitor a consumer’s credit health. The newly included Dark Web monitoring service is the first of its kind to be launched by a credit reporting agency in South East Asia.
Officiated by Y.Bhg. Dato’ Dr. Haji Amirudin Bin Abdul Wahab, CEO of Cybersecurity Malaysia, CTOS Data Systems Sdn Bhd (CTOS), Malaysia’s largest credit reporting agency, unveiled the service to the public today, along with Captain CTOS, a well-known film and TV star, Hisyam Hamid.
Consumers who subscribe to this service will get alerted for any changes in their credit profiles such as new credit applications, missed payments, credit limit changes, closure of credit facilities, bankruptcy, litigation cases and also alerts for personal information found in the dark web. This enables consumers to be more proactive instead of reactive in safeguarding their identity and managing their credit health.
Furthermore, the service also includes Takaful coverage of up to RM20,000 for victims of fraud or identity theft.
“With the numerous data breaches occurring not just in Malaysia, but worldwide, and with the growth of online transactions and digital footprints on social media using multiple platforms, there are more ways than ever for our identities and data to be stolen. In the first six months of 2019 alone, 4.1 billion personal records were leaked globally due to data breaches.”
Dennis Martin, Group CEO of CTOS
The new features will be spearheaded by a special campaign featuring Hisyam Hamid, over the coming months across broadcast channels.
“Today’s evolution of CTOS SecureID means that we have a market-leading service which can help safeguard consumers against fraud and scams and also help improve financial literacy, in line with the government’s mission to promote financial education and inclusion.”
Subscribers to CTOS SecureID will also receive support in the form of the latest information on scams and fraud prevention tips, support for issues related to identity theft and four MyCTOS Score Reports a year. For only RM9.90 a month or RM99 a year, anyone can now enjoy CTOS SecureID protection and the peace of mind that comes with it.
Consumers can learn more and subscribe to CTOS SecureID at https://www.ctoscredit.com.my