DBS says 3rd ATM found to have been skimmed

[General Veers]

DBS says 3rd ATM found to have been skimmed

Published on Feb 24, 2012

DBS Bank said that a third ATM machine was tampered with that led to the fraudulent withdrawals on Sunday. --ST PHOTO: JOYCE FANG

By Robin Chan

DBS Bank said that a third ATM machine was tampered with that led to the fraudulent withdrawals on Sunday.

'On Sunday, the bank was alerted to unauthorised ATM withdrawals by 17 customers after they received real-time SMS alerts,' the bank said in response to media queries.

After we were informed of this, we were able, through our customer analytics, to establish common patterns amongst the affected customers.

'From there, we now believe that a different ATM has been compromised at around the same time of the Bugis skimming.

We are unable to disclose further details, as this may jeopardise the ongoing investigation.'

Read the full story in Friday's edition of The Straits Times.
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[Neilsome]

Instead of being proactive, DBS is reactionary when it comes to fraud detection and avoidance.