11 Jan '12, 6am

DBS boss's apology for #ATM fraud so half-hearted and comes too late

STOMPers have expressed unhappiness over DBS CEO Piyush Gupta's apology and comments that card-skimming fraud can happen to any bank. His statement comes six days after news of the unauthorised withdrawals first came to light. News of the ATM fraud went public on Jan 5 , prompting a surge of traffic to the DBS iBanking website as well as long queues at ATMs islandwide , as account holders sought to verify the state of their savings. A total of 400 customers were affected and $500,000 stolen from both DBS and POSB bank accounts by fraudsters in Malaysia. In his statement, DBS CEO Mr Piyush Gupta said that the unauthorised ATM withdrawals had been done using card skimmers , expressing the belief that this could have happened to any bank. In an article on www.straitstimes.com, Mr Gupta was also quoted as saying that "the world of hackers and crooks out there is getting smarte...

Full article: http://singaporeseen.stomp.com.sg/stomp/sgseen/what_bugs_...

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DBS CEO says sorry for ATM fraud

channelnewsasia.com 11 Jan '12, 6am

SINGAPORE: DBS Bank's CEO Piyush Gupta said the bank is sorry for what the customers went through after it was hit by a st...

DBS chief apologises for ATM fraud incident #Si...

sg.news.yahoo.com 11 Jan '12, 11am

DBS Group Holdings CEO Piyush Gupta has made a public apology to DBS and POSB customers affected by an ATM skimming fraud ...

DBS CEO apologises for ATM fraud incident, which affected about 400 customers

DBS CEO apologises for ATM fraud incident, whic...

straitstimes.com 11 Jan '12, 5am

DBS Group Holdings chief executive Piyush Gupta has apologised to customers for the inconvenience caused by the recent aut...

DBS to alert customers of ATM withdrawals via SMS

asiaone.com 12 Jan '12, 1am

my paper Thursday, Jan 12, 2012 DBS Bank and POSB customers can soon expect SMS alerts if withdrawals over a certain amoun...

Banks to boost ATM security after largest ATM fraud case here #ccureit

Banks to boost ATM security after largest ATM f...

straitstimes.com 13 Jan '12, 1am

In the wake of Singapore's largest ATM fraud case, uncovered at DBS Bank last week, other banks have revealed new initiati...

ATM fraud hits DBS to the tune of $500k

ATM fraud hits DBS to the tune of $500k

asiaone.com 07 Jan '12, 10am

By Conrad Tan The Business Times Saturday, Jan 07, 2012 DBS Group has lost $500,000 to fraudsters who withdrew the cash fr...

Hundreds of DBS customers hit by fraud on @toda...

todayonline.com 13 Jan '12, 1am

Singapore - In what is believed to be the largest case of its kind to hit any bank in Singapore, around 200 customers here...

2 Malaysian men charged in court over DBS ATM fraud

2 Malaysian men charged in court over DBS ATM f...

straitstimes.com 14 Jan '12, 2am

DBS said yesterday the ATM skimming scheme had widened to affect almost 700 customers, with $1 million stolen from DBS and...

Proposed security measure for ATM withdrawal

tankinlian.blogspot.com 16 Jan '12, 12am

It is a part of the culture in Singapore to focus on what can go wrong, and to think of the worst case scenario. So many t...

2 Malaysian men charged over #DBS ATM fraud

2 Malaysian men charged over #DBS ATM fraud

thecourtroom.stomp.com.sg 15 Jan '12, 4am

2 Malaysian men charged over DBS ATM fraud 15 Jan 2012 SOURCE: The Straits Times Online Two Malaysian men were charged in ...

DBS ATM fraud: 3rd suspect named in court case

straitstimes.com 15 Jan '12, 1am

A third suspect in the ATM skimming scheme that hit DBS Bank last week was named in court on Saturday, as two Malaysians w...

DBS posts update on unauthorised ATM withdrawal...

todayonline.com 13 Jan '12, 1pm

A DBS spokesperson sent the media the following update on the incident of unauthorised ATM withdrawals concerning the bank...

400 POSB, DBS customers affected by ATM fraud

channelnewsasia.com 06 Jan '12, 3pm

SINGAPORE: About 400 POSB and DBS Bank customers were affected by the largest ATM fraud in Singapore. DBS on Friday said i...

Two Malaysians charged for ATM fraud #Singapore

sg.news.yahoo.com 14 Jan '12, 5am

Two Malaysian men have been charged in court on Saturday morning for possessing card skimming equipment to produce fake AT...

[CNA] DBS/POSB bank sends SMS alerts on ATM wit...

channelnewsasia.com 11 Jan '12, 1pm

SINGAPORE: DBS Group Holdings chief executive Piyush Gupta said the bank will provide SMS alerts for ATM withdrawals beyon...