
According to a report from Channel News Asia, a total of nearly 200 DBS and POSB customers in Singapore have been hit by unauthorized withdrawals averaging S$1000 each. The withdrawals were done in Malaysia “while the ATM cards were with them safely in Singapore”. Which begs the question what does ‘safely in Singapore’ mean?
Channel News Asia goes on to report that withdrawals were made in Kuala Lumpur (not neighboring Johor Bahru) and done approximately the same time as ‘valid’ withdrawals. ZDNet has reported DBS is working together with its IT vendor, NCR to understand the issue and investigate further. It’s also suspended all suspected cards and are contacting customers to give them what it says would be a full refund. NCR also happen to make almost 90% of all ATMs in Malaysia, and according to Yahoo! news, this was “a security breach to its anti-skimming devices installed on ATM machines”, so I’m just wondering why this wasn’t done to Malaysian accounts of local banks?






