06 Jan '12, 11pm

ATM fraud 'contained', traced to 2 machines in Bugis area (via ST iPhone App)

ATM fraud 'contained', traced to 2 machines in Bugis area (via ST iPhone App)

People queueing at the POSB branch in Tiong Bahru Plaza, while a POSB staff member (right) answers queries from people waiting to update their passbooks. -- ST PHOTO: NURIA LING By Robin Chan & Grace Chng The banking scam that has netted fraudsters in Malaysia more than $500,000 from the accounts of about 400 people in Singapore has been traced to two ATM machines in New Bugis Street, according to DBS Bank on Friday. The bank assured customers that the fraud has been contained and all stolen money reimbursed. Early investigations suggested that card details of customers using the machines in the usually crowded walkway were stolen and cloned onto fake cards - what is known as card skimming. Background story How to check your transaction record Online banking: There are about 1.5 million DBS and POSB customers banking online. A security token allows access to one's online b...

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

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