Stuart Breckenridge

Banks Continue to Assist Victims as Fraudulent iTunes Transactions Continue to Appear

Nurul Aziliah Aripin, for Channel News Asia:

Banks in Singapore said they have responded with measures to assist victims after a series of fraudulent Apple iTunes transactions affected dozens of account holders.

The victims reported that hundreds to thousands of dollars were wiped from their debit accounts and charged to their credit cards from banks including Oversea-Chinese Banking Corporation (OCBC), DBS and HSBC.

Even though the focus of the fraudulent transactions appears to be iTunes, at least one person has reported that they didn’t even have a credit card linked to their iTunes account:

“The shocking thing is, I don’t even have any credit or debit card details saved on my own iTunes account,” said Mr Lim. “Apple/iTunes was not even aware of the fraudulent transactions (in my account) until I informed them.”

It’s a worrying breach of credit card security for multiple banks in Singapore, at the same time.