13 Jan '12, 1pm

DBS posts update on unauthorised ATM withdrawals incident

A DBS spokesperson sent the media the following update on the incident of unauthorised ATM withdrawals concerning the bank: "DBS today [13 Jan 2012] confirmed that the unauthorized ATM withdrawals arising from a card skimming operation involving two ATMs in the Bugis Street area were contained to transactions in Malaysia on 4 and 5 Jan 2012. Following the bank's efforts to proactively reach out to and alert customers who could potentially be at risk, more customers have come forward to report unauthorized withdrawals. However, there were no instances of transactions made after 5 Jan 2012. Over the past few days, the number of reports made of unauthorized withdrawals made in Malaysia has tapered off significantly and we believe that almost all the affected customers have now been identified. In all, the bank has compensated 696 customers, a total of approx $1 million. All a...

Full article: http://www.todayonline.com/Singapore/EDC120113-0000166/DB...

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