DBS Group Holdings, Singapore’s biggest bank, said on Thursday it is investigating complaints from about 200 customers of unauthorised withdrawal of funds in Malaysia, through the use of the bank's debit and automated teller machine (ATM) cards, reported Reuters.
The bank said it immediately de-activated the compromised cards and is taking steps to compensate these customers in full.
DBS said in a statement late on Thursday that the average amount withdrawn was about $1,000 per account.
Separately, ChannelNewsAsia reported that the police are investigating unauthorised withdrawals from DBS accounts and those of its POSB brand.
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