11 Jan '12, 11am

DBS chief apologises for ATM fraud incident #Singapore

DBS Group Holdings CEO Piyush Gupta has made a public apology to DBS and POSB customers affected by an ATM skimming fraud that resulted in unauthorised withdrawals last week. Gupta, who was speaking at a DBS private bank luncheon on Wednesday, said the bank regretted the anxiety and inconvenience caused by the incident, which he said could have happened to any bank, Channel NewsAsia reported. According to the Straits Times, Gupta also said the DBS will introduce new measures, such as SMS alerts for withdrawals above a certain threshold, to enhance security. This is not the first apology by Gupta to bank customers. In July 2010, he wrote to DBS and POSB customers saying sorry for the inconvenience caused by the sudden disruption of banking and ATM services for seven hours on 5th July that year. DBS last week said it will compensate 400 customers a combined total of S$500,00...

Full article: http://sg.news.yahoo.com/dbs-chief-apologises-for-atm-fra...

Tweets

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 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 boss's apology for #ATM fraud so half-heart...

singaporeseen.stomp.com.sg 11 Jan '12, 6am

STOMPers have expressed unhappiness over DBS CEO Piyush Gupta's apology and comments that card-skimming fraud can happen t...

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...

[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...

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...

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...

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 ...

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...

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...

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...

Following spate of fraudulent withdrawals from ...

todayonline.com 12 Jan '12, 9pm

SINGAPORE - In the wake of some 400 DBS and POSB customers being hit by fraudulent ATM withdrawals, OCBC Bank has revealed...

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...

Read more on important changes affecting DBS/POSB card-holders.

Read more on important changes affecting DBS/PO...

straitstimes.com 14 Jan '12, 1pm

With immediate effect, all DBS or POSB ATM or debit card-holders who have not used their cards outside Singapore since Jul...