Banks step up credit card security.DUBAI: Banks in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. have introduced new security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising"security and warned customers to change debit and credit card codes after fraudsters used counterfeit cards to withdraw money from accounts. "Following a countrywide increase in card fraud, Lloyds TSB Lloyds TSB Group plc (LSE: LLOY) is a banking and insurance group in the United Kingdom. It was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank (TSB). The Group's head office is at 25 Gresham Street, London. Middle East, as part of a coordinated approach with other banks in the UAE, strongly recommends that all of our customers urgently change the pin numbers of their debit cards," the bank said yesterday. Lloyds TSB, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , Citibank, National Bank of Abu Dhabi and Dubai Bank are among lenders that have sent statements warning customers of the threat in recent days after a spree of fraudulent withdrawals both inside and outside of the UAE. Some of the banks have promised to reimburse customers who have lost money while others have resorted to blocking customer transactions in some overseas locations to limit the problem. It was not clear how much money had been stolen from UAE account-holders, but Dubai Bank said it had temporarily blocked international use of its automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. after 42 customers were affected. "National Bank of Abu Dhabi utilises sophisticated fraud monitoring techniques and was able to quickly detect the attacks and take urgent action to limit the problem," NBAD NBAD National Bank of Abu Dhabi NBAD Network Behavior Anomaly Detection domestic banking division senior general manager Saif Al Shehhi said. Copyright 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion