DBS in the spot light again as it was hit by another ATM fraud incident again!!! DBS Bank said that it had $23,000 stolen from 17 customers' bank accounts last Sunday as fraudsters used Singapore ATM machines to make unauthorised withdrawals.
The bank received calls reporting the fraud from a handful of customers who were notified of the unauthorised withdrawals through SMS alerts from the bank. These affected customers were compensated the full amount within 24 hours. The SMS alerts are part of the enhanced security measures put in place after the ATM fraud scandal that saw $1 million stolen from the bank accounts of 700 DBS and POSB customers.
Investigation shown that the recent fraud is not a new case but rather a continuation of the same card skimming operation that took place last month.
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The bank received calls reporting the fraud from a handful of customers who were notified of the unauthorised withdrawals through SMS alerts from the bank. These affected customers were compensated the full amount within 24 hours. The SMS alerts are part of the enhanced security measures put in place after the ATM fraud scandal that saw $1 million stolen from the bank accounts of 700 DBS and POSB customers.
Investigation shown that the recent fraud is not a new case but rather a continuation of the same card skimming operation that took place last month.
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| DBS hit again by Fraudsters!!! |
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