E-Banking: A Malaysian Legal Paradigm

The e-banking in Malaysia is growing rapidly with the fast development of Information and Communication Technology (ICT) infrastructure under Multimedia Super Corridor (MSC). Malaysian banks have stepped in e-banking to cater the needs of innovative customers. Having started with ATM facilities in 1981, they have introduced Internet banking as another new product recently regardless of the fact that only 7% of the Malaysian population has access to Internet. Aside from highlighting world e-banking trends and the future of e-banking in Malaysia, the paper will investigate and analyze e-banking in Malaysia, the security products, the security threats, and the legal response to the abuse of e-banking