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Friday, June 15, 2012

Banks fitting shields to ATMs to stop skimming

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http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_811215.html

Banks are placing shields over the keypads of their ATMs, in the latest security move to foil scammers.

The shields, which cost about $250 each, prevent customers' personal identification numbers (PINs) from being easily copied, or 'skimmed'.

The initiative comes after a syndicate cheated DBS Bank customers of nearly $1 million by skimming PINs at two ATMs in Bugis in November last year.

Skimming devices slotted into the DBS machines recorded customers' data, allowing the gang to make cloned cards that were later used to make unauthorised withdrawals.

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