07 Jan '12, 5am

Watch your ATM cards in shops and eateries #atmfraud

Watch your ATM cards in shops and eateries #atmfraud

TWO ATMs in the Bugis Street area have been identified as the ones that are likely to be involved in the recent spate of unauthorised withdrawals made in Malaysia from DBS Bank accounts. Speaking to the media at a press conference yesterday evening, Mr Lim Sim Seng, Singapore country manager of DBS, said: "While investigations are still underway, increasing evidence points to the unauthorised withdrawals as being part of a card-skimming operation. "We have identified the specific periods when the compromise could have taken place." Skimming happens when data from a card's magnetic strip is copied onto a duplicate card without the cardholder's knowledge. Experts contacted by The New Paper felt that besides ATMs, skimming could also happen at businesses like restaurants and retailers that use point-of-sales terminals. Read the full story in The New Paper today (Jan 7).

Full article: http://www.tnp.sg/content/watch-your-atm-card-shops-eateries

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