Lloyds TSB urges all customers to change PIN numbers
by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 11 September 2008
Lloyds TSB Middle East on Thursday urged all their customers urgently change the pin numbers of their debit cards amid reports of a major ATM fraud operation in the UAE.
The bank said it had been made aware that a "relatively small number of customers" had so far been affected by fraudulent activity.
A spokesman said: "We advise that customers change their pin numbers immediately. Customers should also be extra vigilant when using ATMs by protecting their PIN numbers and contacting the relevant bank should anything appear unusual at an ATM machine."
He added that all fraudulent transactions would be re-credited to accounts.
Lloyds TSB has also put a stop on some card activity in specific countries and called on customers who are planning to travel abroad to consult the bank for advice.
The warning comes a day after HSBC, Dubai Islamic Bank, Emirates NBD and National Bank of Abu Dhabi said some of their customers had been affected and warned others to change their PIN numbers as a precaution.
HSBC warned customers to be wary when using ATM machines as criminal gangs can place a false card reader on the entry slot of an ATM and a micro-camera above the ATM to read the PIN as it is input.
The information can then be used to manufacture counterfeit cards, known as card skimming.
Card fraud is becoming a growing problem in the UAE, with several high-profile cases coming to light this year.
How has your bank dealt with this crisis? Email the author with your comments.
UAE banks hit by wave of card fraud
UPDATE 1: HSBC warns counterfeit cards are being used to access local accounts from abroad.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST PERSONAL FINANCE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST PERSONAL FINANCE
LATEST MIDDLE EAST BUSINESS NEWS
- Technology: DIFC publishes Electronic Transaction Law
- Sport: Kenyan-born athlete seeks to renounce Bahraini citizenship
- Travel & Hospitality: Etihad set to step up relief flights from Thailand
- Banking & Finance: DIFC Investments repays $500mn loan in full
- Energy: Major Asian oil consumers welcome cheaper oil
RELATED STORIES
Lloyds TSB
- More banks curb lending to low wage earners
17 Nov '08 | News - AED25k a month salary to get loan with Lloyds
17 Nov '08 | News - Developing at a discount
14 Nov '08 | Features




