DBS Card Skimming Saga - 24/02/2012

[triton]

previously .......a month ago

this article indicates that DBS ATM has again been targeted again.

so what if the affected customers are reimbursed or compensated within 24 hours? it clearly shows that they have yet to do anything secure enough since the last debacle.

first they turn off ATM withdrawal because it was money were withdrawn from overseas ATM. now the money are UNAUTHORIZED withdrawn within Singapore.

what is DBS going to do next? turn off local ATM withdrawal?

it is the customers who informed the bank that there is unauthorized withdrawals. not bank detecting that there were fraudulent withdrawals.

where are the security measures that are in place? will it happen again?

[minimerc]

No guarantee bro. Those counter measures are both pre and post withdrawals measures but seems like the preemptive are not good enough and is operationally challenging. Key is to report loss immediately after receiving alerts. Else victims might have to bear some responsibilities too. The "safest bank in asia" may not be after all that safe.

[minimerc]

Even with the hardware countermeasures in place, some of these fraud might also "staged" by the victims themselves which are very difficult to prevent.

[triton]

just curious, if there are cameras in place @ ATM, with the unauthorized transaction, can they not review the tape?

[Ken3]

i think now once the transactions are done locally, they have full access to their security systems, unlike overseas usage, which is dependent on the foreign bank's system.. so should be able to narrow down the list of suspects..

just curious, if there are cameras in place @ ATM, with the unauthorized transaction, can they not review the tape?

[Oceanklassik]

Yes & no. By now, I'm sure many would have known such device being placed at the ATMs. So if one is planning a criminal act at these machines, do you think he/she will take 'precautions'?