EBL returns money to affected clients for ATM fraud

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Staff Reporter :
The Eastern Bank Limited (EBL) handed over cheques to its five affected clients out of 24 as compensation money on Thursday at a function held in the Bangladesh Bank
Money of those clients was withdrawn from ATM booths in the city by using fake cards recently.
The compensation amount of Tk 17.53 lakh for the remaining affected clients was deposited in their respective accounts.
Addressing the function, Mahbuba Aktar, who received a cheque of Tk 80,000 as compensation, urged the EBL to be more careful about the ATM banking.
She, however, expressed her frustration over the incidents and said she was still thinking whether she would continue her transaction using cards.
The other four EBL clients who received the compensation cheques of different amount are Shasifuzzaman, Kamruzzaman, Abu Musa Tariq and Depon Chandra Dey.
Bangladesh Bank Deputy Governor Nazneen Sultana, who was chief guest at the function, said the banking sector had been saved from a big disaster by checking the rogue transaction on the ATM booths.
She observed that with an increased use of digital technology, its adversity is also increasing. “But we have to face the challenges taking more security measures.”
She directed the country’s all banks to keep updating their digital technology in banking sector in order to ensure clients’ security more. Mentioning that the fraudulent incident on ATM booths as an unexpected and unpleasant one, EBL Additional Managing Director Hasan-Ur-Rashid said they were sorry for such incident.
Urging the EBL clients not to lose confidence in the bank, he said EBL authorities have been making its best efforts to check any such incidents.
Bangladesh Bank Executive Director Subhanker Saha said that the central bank immediately stopped all transactions of the card of particular clients as soon as it came to their notice. Bangladesh Bank payment system department’s General Manager Iskandar Mia appreciated the bank’s clients’ positive attitude, which helped the central bank take immediate measures.
He also urged the banks to employ more efficient and trained security guards on the ATM booths to ensure booths’ safety and security. Miscreants withdrew money from a number of ATM booths of EBL last week by using duplicate cards of some of its clients.
The miscreants used duplicate cards collecting information of clients’ cards and PIN numbers through installing video camera and skimming devices.
Following the incidents, the central bank directed the EBL to take measures to compensate its affected clients.
It also directed all the banks to install anti-skimming devices, conduct regular monitoring of video footages, and not to allow any unauthorised persons to install any new devices or repair any such devices in the ATM booths.
Especially, the security guards have to remain alert to protect the ATM booths from such crimes, said the Bangladesh Bank.

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