DBS recently issued warnings about a $1 million [U.S. $774,594.06] card-fraud scheme it traced to two ATMs. DBS took a proactive step and launched an SMS/text alert service to ensure accountholders were provided up-to-date communications about their balances. Even the bank’s CEO got in on the action by issuing a public apology for the compromise. We’ve learned over the last year how ineffective and potentially damaging it can be to say too little about a security incident.”]
Source: https://www.cuinfosecurity.com/blogs/right-way-to-respond-to-breach-p-1172