Credit card fraud reported in Singapore, 11 Feb 2014
Some credit card holders from several major banks in Singapore have reported of being hit with fraudulent charges from Taiwan-based Neweb Technologies. The banks affected include Citibank, DBS Bank, the United Overseas Bank (UOB), and the Oversea-Chinese Banking Corporation (OCBC) Bank. According to the Hardware Zone online forum, the victims said that they were charged with multiple transactions from Neweb Technologies. Some were alerted to the charges after receiving SMS notifications of the transactions. Acknowledging this incident, DBS is "actively reaching out to customers who may have been impacted and is promptly replacing their cards," said its spokesperson in a media statement. DBS will also "refund affected customers for confirmed unauthorised transactions." Full story