Dubai Bank announces that recent ATM fraud has hit over 40 percent of its customers. As a result, Dubai Bank temporarily blocked the international use of its ATM cards.
Such news comes after HSBC, Dubai Islamic Bank, Emirates NBD and National Bank of Abu Dhabi have also warned that some of their customers have been victims of ATM fraud. A HSBC Middle East spokesperson has stated that a significant number of fraudulent transactions have been stopped as a result of customers' changing their PIN numbers. Banks across the UAE have introduced new security measures and have urged customers to change debit and credit card codes after fraudsters used counterfeit cards to withdraw money from accounts.
Such news comes after HSBC, Dubai Islamic Bank, Emirates NBD and National Bank of Abu Dhabi have also warned that some of their customers have been victims of ATM fraud. A HSBC Middle East spokesperson has stated that a significant number of fraudulent transactions have been stopped as a result of customers' changing their PIN numbers. Banks across the UAE have introduced new security measures and have urged customers to change debit and credit card codes after fraudsters used counterfeit cards to withdraw money from accounts.
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National Bank of Abu Dhabi (NBAD) is to refund any customer who has been a target for fraudsters who have made use of counterfeit cards to take cash from customer accounts within the last three days. Dubai Bank has already taken measures to verify and refund claims.
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