Sunday, January 15, 2012

Arrests made for DBS card skimming & Security Improved

The police had already caught the syndicate responsible for the card skimming in a matter of days. The ATM card skimming scheme had affected about 700 of DBS customers involving $1million stolen.

Below are the new security measures implemented:

1) customers who have not used their credit and/or debit cards outside singapore since Jul 1st last year will no longer be able to do cash withdrawals overseas until they enable the function.

2) those who want to activate the function will also receive a SMS alert notification confirming their request. This feature alone is very helpful IMHO.

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