Central Banking

ATM scam losses minimal says UAE cb

Source: Gulf News

UAE Central Bank officials yesterday assured the public that losses incurred by banks in the recent ATM scam are minimal and precautionary measures will be taken.

"The precautionary measures include improving the quality of plastic cards, increasing the security of banking networks, especially those linked to the Internet, and the encryption of lines which link ATM machines to computer systems even within a single bank," said Saeed Al Hamiz, executive director, Banking

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