06 Jan '12, 11am

400 DBS/POSB customers affected by ATM fraud to be reimbursed

400 DBS/POSB customers affected by ATM fraud to be reimbursed

Initial investigations revealed that two DBS ATMs in Bugis Street were compromised over three days late November, but the bank has declined to reveal more details as investigations are still underway. -- ST PHOTO: DESMOND WEE By Robin Chan DBS Bank said that 400 customers have been victims of an ATM fraud scheme that has seen $500,000 stolen from POSB and DBS accounts over the last two days. The bank said the situation has been contained. Initial investigations revealed that two ATMs in Bugis Street were compromised over three days late November, but declined to reveal more details as investigations are still underway. All the money will be paid back to customers by the end of today, Mr Sim Lim, country head for DBS Singapore said. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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