BoT : Banks must not lower guards against ATM skimming

 

The Bank of Thailand has advised commercial banks to install tighter security features to fight off skimmers and other bank frauds.

 

Warning by the central bank came after one commercial bank suspected that skimmers had been installed on 14 of its automatic teller machines (ATMs) in Bangkok.

 

The bank’s internal memo warning about ATM card skimming later went viral on the social media.

 

Pongsit Chaichatpornsuk, senior assistant president on financial crime prevention and safety of Siam Commercial Bank, admitted that the information on the social media has tarnished the bank’s reputation despite that the bank could stop the frauds swiftly and could contain the damage at limited level through cooperation with other bank members of the Thai Bankers Association.

 

Commenting on its internal circulation note posted on social media about its 14 ATMs fallen prey to skimmers, he said it was only a warning to members of the Thai Bankers Association to be on alert and to prevent possible skimming.

 

Full story: http://englishnews.thaipbs.or.th/bot-banks-must-not-lower-guards-atm-skimming/

 

 

-- © Copyright Thai PBS 2017-07-09

Wonder why the scammers picked SCB ATMs?   Maybe the type of ATMs used by SCB?   Maybe  (fill in the blank)?

Top tip- Have 2 bank accounts. One that you use as your ATM account that you transfer money into from your main account. Main account should have no card. A way to minimise your loss if you do get had.

I get skimmed every time I use an ATM outside of Bangkok, even if it is the same bank they charge me for it. 

On 09/07/2017 at 10:23 AM, sungod said:

Top tip- Have 2 bank accounts. One that you use as your ATM account that you transfer money into from your main account. Main account should have no card. A way to minimise your loss if you do get had.

Use a credit card and visa will make the bank will eat the loss.... 

But pay exorbitant cash advance fees?

35 minutes ago, sungod said:

But pay exorbitant cash advance fees?

I can withdraw cash advances  without incurring charges, different cards have different benefits and rules....