06 Jan '12, 3pm

400 POSB, DBS customers affected by ATM fraud

SINGAPORE: About 400 POSB and DBS Bank customers were affected by the largest ATM fraud in Singapore. DBS on Friday said internal investigation showed that the unauthorised withdrawals were part of a card skimming operation. The unauthorised withdrawals were made in Malaysia, with the bulk of them occurring on Wednesday. DBS said it has identified two ATMs in Bugis Street that were compromised during a three-day period in late November last year. Lim Sim Seng, DBS Bank's Singapore country manager, said: "During that period, there were about 2,726 customers who used the ATM there and we have reached out to all those customers already and we have blocked the cards." It is likely that the cards were cloned during the three-day period, but the bank said there is still no conclusive evidence that a cloning device was installed. The bank has also subsequently checked all its ATM...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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