Unauthorised withdrawals from POSB/DBS accounts

[ngbrdad]

hmsg:

ngbrdad:

Medicorp news now say over 2700 accounts affected.

Scary.

I tot it was only 400?

2700 accounts breached but only 400 affected with withdrawal so far.

[hmsg]

ngbrdad:

hmsg:

[quote=\"ngbrdad\"]Medicorp news now say over 2700 accounts affected.

Scary.

I tot it was only 400?

2700 accounts breached but only 400 affected with withdrawal so far.[/quote]oic, so no illegal withdrawal does not mean our account not compromised...

[friednemo]

Oh my god. This is scary… Have been checking my account regularly to make sure that everything is fine.

[verykiasu2010]

actually a simple solution would have resolved the problem any time and it is widely used by many many banks - each time a withdrawal is made, an automated sms should be sent to the account holder


what so difficult to do that ?

just like how NASA spent million$$ to research how to make a ball-point pen that could write in space… the Russians just simply use a pencil to write in space

some CEO just makes something unnecessarily complicated

the skimming of the data may not happen at the atm, it could happen at the POS terminal of any merchants

the bank could protect its atm 100% but not the POS terminal of any merchant around the world.

chipped-based card is not difficult to introduce too…most banks are using it now, except DBS

[raynreg]

I thgt DBS mentioned some time back that it costs them money for such transactions. That’s why I’m issued with the token thingy for internet banking. I do not have such prob with OCBC as they are sending the security code via sms.


Now, tis token thingy is getting larger in size of a pocket credit card. Sigh…

On the other hand, such notification could be use for unauthorised credit card tranx & wondering why cant they do the same for internet banking or ATM withdrawal too

[verykiasu2010]

DBS = D B Slow in taking up latest banking practices in ATM / online security


years ago when they first introduced internet banking and it was full of problems, their usual excuse is to blame it on user’s computer setting, until one day I got so fed up and done a demo to show them how the problem came about — with their red faces all round

[Sun_2010]

For those of us who do not use atm overseas, it is better to disable it.


http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_752868.html

[raysusan]

Sun_2010:

For those of us who do not use atm overseas, it is better to disable it.


http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_752868.html

if they already got your PW
can they enable it back?

[Sun_2010]

raysusan:

Sun_2010:

For those of us who do not use atm overseas, it is better to disable it.


http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_752868.html

if they already got your PW
can they enable it back?

good question, will call up and ask.
Just thinking that we will not be able to enable from overseas. Locally probably can.

[poppy15]

hmmm.... if we were to disabled the overseas access thingy here in Singapore... can we disable it overseas when we are there... so that we can withdraw $$... :scratchhead: