23 Feb '12, 2pm

S$23,000 stolen from 17 DBS Bank accounts

Singapore: DBS has been hit by another round of unauthorised ATM withdrawals. This time, 17 customers were affected and they lost S$23,000. In a statement on Thursday night, DBS Bank said that on 19 February, the bank received calls from a handful of customers who were alerted to unauthorised ATM withdrawals in Singapore, after receiving real-time SMS alerts from the bank. But DBS said this incident is "not a result of any new skimming activity but a residual effect of the same card skimming operation that took place at the end of last year". The statement said that DBS has fully compensated all affected customers within 24 hours. DBS is working closely with the authorities on the investigation and confirms that over the past few days, there have been no unauthorised withdrawals made in Singapore. But based on the withdrawals on 19 February, DBS analytics team had identifi...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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