Asia's safest, Singapore's best hacked!

Singapore's reputation for being the best in the financial sector has come under fire again with reports that unauthorised withdrawals were made from DBS and POSB account holders.

This comes in the heels of the story that eNets, an online payment provider, went offline for 11 hours because its domain was not renewed in time.

A Facebook user has scanned her POSB bank book to show show the unauthorised withdrawal of funds.

Image from Facebook

Wrote the Facebook User,

POSB Withdrawal Fraud!
Just came back from the bank to realise that my account has been hacked into. There has been 4 transactions made from overseas ATM machines with withdrawals up to $2000 over a 2 day period!! & my ATM card is here with me in my wallet!
The POSb branch Manager has confirmed that there has been more then one of such cases reported since yesterday!
& I have no internet banking nor paypal accounts!
Am pending the investigations now..
Please check your accounts or update your bankbook my dear friends!

Wrote Straits Times,

About $200,000 of unauthorised withdrawals have been made from DBS and POSB accounts, as DBS investigates what could be its largest case of fraud to date.
The bank said at 8pm that 200 customers have reported unauthorised withdrawals made from their ATM or debit cards, with the average amount withdrawn at about $1000 per account.

Comments

How UOB's Paper Trail Amplifies IT Greatest Security Threat

UOB required you to do everything on paper. If you want to change your mobile number for your banking account with them or for your credit card, you need to fill up a form. Yet, this paper trail represented a potential security fail for the bank - Human Error. So a bitcoin expert walked into UOB to open a bank account. The bank employee had to print a form from a online pdf document to fill in this bitcoin expert's particulars. When it came to entering the bitcoin expert's email, that's when the forgotten art of handwriting was the most obvious of the digital generation. Wrote Robert Capodieci, My name is Roberto Capodieci, as most of you know. and my email address is very obvious to decode. It is not a p4l_l337_s0u1@gmail.com, but it is a more obvious roberto@capodieci.com, thing that, right after reading my name in the same form, should come out easy. Still, a data entry personnel of the UOB bank (or of a service provider the UOB bank uses) entered it as roberto

NEL Train Fault Shouts Lack Of Crisis Communication

The North-East Line train fault of 11 April 2018 was my virgin experience of a rush hour train fault since I moved to Punggol. One would have thought that with the number of train faults experienced by the North-East Line operator, SBS Transit, they would have improved the communications and handling of train faults. However, my personal experience told another story. First, there were no announcements at the Punggol LRT stations of the train fault even though SBS Transit manages them. The train fault was reported as early as 7.10am as I had a friend who was also stuck in the train. I boarded the LRT at Coral Edge around 7.30am and I didn't hear of any announcement nor was there any signage to inform me o the train fault at Punggol Station. Second, the announcement kept saying that there would be a 15 minutes delay, but 15 minutes passed and the trains, on both side, wasn't moving. If the announcement would be more frank to say it will be a longer delay, commuters would

Singapore radio personality in "hot soup" for reporting train delays based on Tweets?

Update - Hossan Leong has commented on this post to say " I'm not in trouble pls don't blow this out of proportion. Let it rest. It's getting silly. Thank you for your love and concern and I apologize for any misunderstanding." ~ Hossan Leong. Hossan Leong, a Singapore radio personality for The Gold Breakfast Show on Gold 90.5, was censured today for reporting on train delays on the Circle Line because he based the information on Tweets, rather than waiting for the official reports from the Circle Line operator, SMRT. It is, however, unknown if the "warning" came from Mediacorp producers or SMRT. Tweeted Hossan Leong , OK...I reported it on air and now I'm getting into trouble for it?? The CC line is DOWN rite? I did nothing wrong rite? The SMRT Circle Line was reported to be down this morning during peak hours and started as early as 7am. However, local news only received official statement was received by the mainstream media at about 9

Sales, Social and Tech

Search This Blog