Tag Archives: CGW

Unauthorised credit card charges: comGateway emerges as focal point

In what is believed to be a case of data theft, online shopping and shipping portal comGateway has made a police report after it was identified as the “common point of purchase” for credit cards here that were recently hit by a wave of unauthorised charges. comGateway Chief Executive Officer Danny Lim said the company was on Feb 11 notified by banks of the issue and it made its police report the next day. The Monetary Authority of Singapore (MAS) yesterday said comprehensive security measures for payment cards in Singapore were in place, but payment transactions also involve parties other than regulated financial institutions — such as merchants — and data theft can occur at these entities.

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