News

Singapore bank will offer SMS alerts for suspicious ATM activity

January 10, 2012

Channel NewsAsia reports that DBS Bank will implement a system that will send customers an SMS alert when ATM withdrawals are made from their accounts over a pre-determined amount, or "when it detects unusual transaction activity."

The move is in response to a skimming attack last week in which 400 customers lost funds from their accounts.

The new service is in addition to existing alert systems for online banking and credit card activity.

Read more about ATM security.