24 Feb '12, 12am

SMS alert service to customers may have helped to contain latest DBS ATM fraud

DBS Bank said yesterday fraudsters had stolen $23,000 from the accounts of 17 customers on Sunday. It said SMS alerts may have helped contain the fraudulent withdrawals. -- ST PHOTO: JOYCE FANG By Robin Chan New security measures put in place by DBS Bank, specifically an SMS alert service to customers, may have helped to contain fraudulent withdrawals at its ATMs over the weekend. DBS said on Thursday that fraudsters had stolen $23,000 from the accounts of 17 customers on Sunday. It is not a new skimming operation, but a continuation of the one that began in November last year. It might have been worse had the SMSes not alerted customers who tipped off the bank about the fraudulent withdrawals. Background story S'PORE MACHINES HIT 'Unlike previously, when the unauthorised ATM withdrawals took place overseas, this was the first time unauthorised withdrawals occurred in Sing...

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

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DBS hit by ATM fraud again #Singapore

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channelnewsasia.com 24 Feb '12, 2pm

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channelnewsasia.com 23 Feb '12, 2pm

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