Panther
Professional
- Messages
- 334
- Reaction score
- 61
- Points
- 28
/POSB ATM fraud - Singapore 2012
SINGAPORE: Police have arrested two Malaysians for possessing ATM skimming equipment.
The two men, aged 27 and 39, were arrested during an island-wide operation by officers from the Commercial Affairs Department (CAD) to arrest members of a transnational ATM skimming syndicate on Thursday.
The two men, who are on social visit passes, were arrested at a hotel in Geylang.
Among the equipment seized are a customised panel with a pin-hole camera and what's known as a simulated Foreign Device Inhibitor, which is believed to have been fitted with a card skimming device.
Police are investigating whether the two men were involved in the recent spate of card skimming cases involving DBS ATMs in Bugis Street.
Meanwhile, DBS Bank said in a statement on Friday that it has paid about S$1 million in compensation to nearly 700 customers who had fallen victim to the recent ATM card skimming scam.
This is twice the initial amount it reported last week when it said it was expecting to pay S$500,000 to compensate 400 affected customers.
In the statement, the bank said it believes that almost all the affected customers have now been identified.
The bank said the unauthorised ATM withdrawals were contained to transactions in Malaysia on 4 and 5 January, and the number of reports of unauthorised withdrawals made in Malaysia has "tapered off significantly".
DBS said it has intensified checks on all its ATMs and has also started sending SMS alerts to customers who have made overseas ATM transactions above a certain amount.
It added that it will start sending SMS alerts for selective local ATM transactions next week.
DBS said its fraud prevention measures at ATMs include closed circuit TVs, flashing entry points, sculpted translucent card-slots, dynamic lock indicators and mechanisms within the card reader.
It added that the type of security measures it deploys at each ATM depends on factors such as machine type, location and response time.
The bank said it uses a different combination of security measures at different ATM locations at different times.
Links :hxxp://www.youtube.com/watch?v=hqXBJe08Q6U
hxxp://www.youtube.com/watch?v=dxPJqpgLl4Y
hxxp://www.youtube.com/watch?v=eScMUBSBA8I
SINGAPORE: Police have arrested two Malaysians for possessing ATM skimming equipment.
The two men, aged 27 and 39, were arrested during an island-wide operation by officers from the Commercial Affairs Department (CAD) to arrest members of a transnational ATM skimming syndicate on Thursday.
The two men, who are on social visit passes, were arrested at a hotel in Geylang.
Among the equipment seized are a customised panel with a pin-hole camera and what's known as a simulated Foreign Device Inhibitor, which is believed to have been fitted with a card skimming device.
Police are investigating whether the two men were involved in the recent spate of card skimming cases involving DBS ATMs in Bugis Street.
Meanwhile, DBS Bank said in a statement on Friday that it has paid about S$1 million in compensation to nearly 700 customers who had fallen victim to the recent ATM card skimming scam.
This is twice the initial amount it reported last week when it said it was expecting to pay S$500,000 to compensate 400 affected customers.
In the statement, the bank said it believes that almost all the affected customers have now been identified.
The bank said the unauthorised ATM withdrawals were contained to transactions in Malaysia on 4 and 5 January, and the number of reports of unauthorised withdrawals made in Malaysia has "tapered off significantly".
DBS said it has intensified checks on all its ATMs and has also started sending SMS alerts to customers who have made overseas ATM transactions above a certain amount.
It added that it will start sending SMS alerts for selective local ATM transactions next week.
DBS said its fraud prevention measures at ATMs include closed circuit TVs, flashing entry points, sculpted translucent card-slots, dynamic lock indicators and mechanisms within the card reader.
It added that the type of security measures it deploys at each ATM depends on factors such as machine type, location and response time.
The bank said it uses a different combination of security measures at different ATM locations at different times.
Links :hxxp://www.youtube.com/watch?v=hqXBJe08Q6U
hxxp://www.youtube.com/watch?v=dxPJqpgLl4Y
hxxp://www.youtube.com/watch?v=eScMUBSBA8I
