Discount Bank to replace credit cards on fraud fears

The card reader of an ATM on Tel Aviv's Allenby St. was tampered to copy the details of cards inserted into it.

Israel Discount Bank (TASE: DSCT) will replace credits cards for hundreds of customers due to concerns of abuse of the cards' details, which were leaked in a malicious tampering of an ATM on Allenby Street in Tel Aviv.

The ATM affected is not owned by Discount Bank. The ATM's card reader was tampered to copy the details of cards inserted into it.

"As a preventive measure, Discount Bank has decided to ask all customers who made any kind of transaction at this ATM and notify them of the potential for abuse," a bank spokeswoman told "Globes". "We were therefore replacing the credit cards of customers and sending new cards to their homes at no cost."

Published by Globes [online], Israel business news - www.globes-online.com - on December 20, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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