Commenting on last week’s DBS ATM “skimming” fraud saga, SMU SIS’ Assoc Prof Enoch Ch’ng said that using SMS to alert bank customers of withdrawals from their accounts above a certain threshold amount, though not a perfect solution, would help to alleviate the severity of such irregularities should they occur.
Shin Min Daily News (12 Jan - In Chinese)
Lianhe Zaobao (20 Jan - In Chinese)
The Association of Banks in Singapore announced that its member banks will step up measures to enhance the security of ATM cards and other payment cards. SMU Associate Professor of Information Systems, Enoch Ch’ng, commented that EMV chips are not fool-proof. He said that while the EMV chip is more difficult to replicate, the most secured system is one that uses bio-identification technology.
(21 Jan - In Chinese)
Lianhe Zaobao
