TWO ATMs in the Bugis Street area have been identified
as the ones that are likely to be involved in the recent spate of
unauthorised withdrawals made in Malaysia from DBS Bank
accounts.
Speaking to the media at a press conference yesterday
evening, Mr Lim Sim Seng, Singapore country manager of DBS, said:
"While investigations are still underway, increasing evidence
points to the unauthorised withdrawals as being part of a
card-skimming operation.
"We have identified the specific periods when the
compromise could have taken place."
Skimming happens when data from a card's magnetic strip
is copied onto a duplicate card without the cardholder's
knowledge.
Experts contacted by The New Paper felt that besides
ATMs, skimming could also happen at businesses like restaurants and
retailers that use point-of-sales terminals.
Read the full story in The New Paper today (Jan 7).
