13 Jan '12, 1am

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

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

In the wake of Singapore's largest ATM fraud case, uncovered at DBS Bank last week, other banks have revealed new initiatives to safeguard ATM security. -- ST PHOTO: JOYCE FANG In the wake of Singapore's largest ATM fraud case, uncovered at DBS Bank last week, other banks have revealed new initiatives to safeguard ATM security. OCBC Bank said it is implementing an option to allow customers to switch on or off ATM withdrawals overseas in its efforts to adopt measures to enhance the security of such transactions. Mr Pranav Seth, head of e-business at OCBC, said: 'These measures (also) include sending out SMS alerts for both local and foreign ATM transactions, which will be implemented taking into account several criteria including customers' behaviour, withdrawal patterns and overseas travel frequency.' OCBC has installed anti-skimming features on all its ATMs since July 200...

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

Tweets

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...

Following spate of fraudulent withdrawals from ...

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

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DBS Bank suffered several unauthorized withdrawals from their customer accounts. They are now introducing additional measu...

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asiaone.com 13 Jan '12, 2pm

A photo released by the police showing the exhibits seized. The long grey device resembling a ruler contains the pin-hole ...

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...

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...

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...

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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...

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...

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

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channelnewsasia.com 14 Jan '12, 3am

SINGAPORE: Two Malaysian men were charged in court on Saturday morning with possessing skimming equipment to make false AT...

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 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 ...

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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...